DEARBORN, MI— Gas prices in Michigan are down 7 cents from a week ago. Michigan drivers are now paying an average of $3.10 per gallon for regular unleaded. This price is 12 cents more than this time last month but still 52 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 8.81 b/d to 8.64. Total domestic gasoline supply decreased from 240.6 million barrels to 239.1. Gasoline production decreased, averaging 9.2 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose 65 cents to settle at $69.65 a barrel. The EIA reports that crude oil inventories decreased by 3.3 million barrels from the previous week. At 433.6 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
"Michigan motorists are seeing lower prices at the pump this week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If gas demand increases, alongside tight supply, pump prices will likely follow suit."
Compared to last week, Metro Detroit’s average daily gas price held steady. Metro Detroit’s current average is $3.12 per gallon, the exact same price as last week’s average and 46 cents less than this same time last year.
Click here to view AAA's state and metro gas averages.
- Most expensive gas price averages: Jackson ($3.16), Ann Arbor ($3.15), Marquette ($3.13)
- Least expensive gas price averages: Traverse City ($2.89), Benton Harbor ($2.99), Saginaw ($3.05)
