DEARBORN, MI— Gas prices in Michigan are up 1 cent from a week ago. Michigan drivers are now paying an average of $3.08 per gallon for regular unleaded. This price is 5 cents less than this time last month and 13 cents less than this time last year.
Motorists are paying an average of $46 for a full 15-gallon tank of gasoline; a discount of about $11 from 2024's highest price last July.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.57 million b/d to 8.23. Total domestic gasoline supply dropped from 248.1 million barrels to 247.9. Gasoline production also decreased, averaging 9.2 million barrels per day.
At the close of Wednesday’s formal trading session, WTI increased 40 cents to settle at $72.25 a barrel. The EIA reports that crude oil inventories increased by 4.6 million barrels from the previous week. At 432.5 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
"With very little change in the state average, Michigan drivers are seeing similar gas prices to a week ago," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group.
Compared to last week, Metro Detroit’s average daily gas price decreased slightly. Metro Detroit’s current average is $3.11 per gallon, about 3 cents less than last week’s average and 12 cents less than this same time last year.
Click here to view AAA's state and metro gas averages.
- Most expensive gas price averages: Ann Arbor ($3.13), Metro Detroit ($3.11), Jackson ($3.08)
- Least expensive gas price averages: Traverse City ($2.96), Benton Harbor ($3.00), Marquette ($3.05)
