DEARBORN, MI— Gas prices in Michigan are up 10 cents from a week ago.
Michigan drivers are now paying an average of $3.04 per gallon for regular unleaded. This price is 13 cents less than this time last month but 5 cents more than this time last year.
Motorists are paying an average of $45 for a full 15-gallon tank of gasoline; a discount of about $13 from 2023's highest price last August.
According to new data from the Energy Information Administration (EIA), gasoline demand rose just a bit from 8.73 million b/d to 8.81, about 50,000 b/d lower than the same week in 2023. Meanwhile, total domestic gasoline stocks rose from 214.6 million barrels to 219.7, while gasoline production increased last week, averaging 10.0 million barrels daily.
At the close of Wednesday’s formal trading session, WTI rose $1.70 to settle at $70.29 a barrel. The EIA reports that crude oil inventories decreased by 1.4 million barrels from the previous week. At 422.0 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
"Motorists across Michigan are seeing higher prices at the pump, as the state average jumps above $3 a gallon," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group.
Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $3.02 per gallon, about 6 cents more than last week’s average and 3 cents more than this same time last year.
Click here to view AAA's state and metro gas averages.
- Most expensive gas price averages: Jackson ($3.13), Ann Arbor ($3.08), Grand Rapids ($3.08)
- Least expensive gas price averages: Traverse City ($2.92), Marquette ($2.98), Benton Harbor ($3.02)