Michigan gas prices at highest point since Oct. 2019

Michigan
Gas prices_112179

LANSING, Mich. (WLNS) — Did you notice you’ve been paying more for gas recently?

If so, your observation is correct.

Michigan drivers are now paying an average of $2.64 per gallon for regular unleaded, which is the highest amount since October 2019.

According to AAA,  gas prices in Michigan are up 17 cents compared to a week ago.

The cost of gas is now 35 cents more than this time last month and 15 cents more than this time last year.

Drivers are paying an average of $40 for a full 15-gallon tank of gasoline; an increase of about $1 from when prices were their highest last January.

Since last week, the national average for a gallon of regular gasoline has increased by 11 cents to $2.63. The jump in the national average is a direct result of all major Gulf Coast refineries being impacted by the recent winter storm, which has caused gas supplies to tighten and pump prices to increase. Until refineries resume normal operations, supply is expected to remain tight in impacted areas, especially with road conditions and power outages reducing fuel deliveries. 

At the close of Thursday’s formal trading session, WTI decreased by 62 cents to settle at $60.52. Although crude prices ended the day lower due to market concerns regarding demand, they increased last week due to supply and delivery impacts from the winter storm.

Additionally, the Energy Information Administration’s new weekly report shows total domestic crude inventories dropped by 7.3 million bbl, bringing the supply level to 461.8 million bbl. As crude inventories decline, crude prices are likely to continue increasing.

“The recent unprecedented winter weather has crippled Gulf Coast refineries, sending gas prices soaring nationwide,” said Adrienne Woodland, spokesperson, AAA – The Auto Club Group. “Warmer weather in the Gulf Coast will assist with getting refinery operations up and running again, but until then the impact may result in pump price increases over the next few days.”

Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $2.64 per gallon, about 16 cents more than last week’s average and 18 cents more than this same time last year.

Click here to view AAA’s state and metro gas averages

  • Most expensive gas price averages: Marquette ($2.65), Jackson ($2.65), Metro Detroit ($2.64)
  • Least expensive gas price averages: Traverse City ($2.58), Flint ($2.62), Saginaw ($2.63)

Find Local Gas Prices

  • Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com 
  • Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.


CURRENT AND PAST PRICE AVERAGES

 Regular Unleaded Gasoline

Image removed by sender.SundaySaturdayWeek AgoMonth AgoOne Year Ago2020 Low2020 HighRecord High
National$2.63$2.62$2.51$2.40$2.47$1.77 (Apr. 29)$2.60 (Jan. 9)$4.11 (July 2008)
Michigan $2.64 $2.64$2.47$2.29$2.49$1.41 (Apr. 28)$2.63 (Jan. 9)$4.26 (May 2011)
Detroit $2.64 $2.64$2.48$2.31$2.46$1.42 (Apr. 28)$2.61 (Jan. 9)$4.24 (May 2011)
Click here to view current gasoline price averages

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