DEARBORN, MI— Gas prices in Michigan are up 12 cents from a week ago.
Michigan drivers are now paying an average of $3.15 per gallon for regular unleaded. This price is 8 cents more than this time last month and 11 cents more than this time last year.
Motorists are paying an average of $47 for a full 15-gallon tank of gasoline; a discount of about $10 from 2024's highest price last July.
According to new data from the Energy Information Administration (EIA), gasoline demand fell from 8.48 million b/d last week to 8.32. Meanwhile, total domestic gasoline stocks rose from 237.7 million barrels to 243.6, while gasoline production popped, averaging 9.3 million barrels daily.
At the close of Wednesday’s formal trading session, WTI rose $2.54 to settle at $80.04 a barrel. The EIA reports that crude oil inventories decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
"Michigan motorists are seeing higher prices at the pump this week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If crude oil prices continue to rise, gas prices will likely follow suit."
Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $3.18 per gallon, about 10 cents more than last week’s average and 15 cents more than this same time last year.
Click here to view AAA's state and metro gas averages.
- Most expensive gas price averages: Metro Detroit ($3.18), Ann Arbor ($3.17), Saginaw ($3.15)
- Least expensive gas price averages: Traverse City ($3.01), Benton Harbor ($3.09), Marquette ($3.12)
