DEARBORN, MI— Gas prices in Michigan are down 15 cents from last week. Michigan drivers are now paying an average of $3.08 per gallon for regular unleaded. This price is 8 cents more than this time last month but still 62 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 8.49 b/d to 8.42. Total domestic gasoline supply decreased from 237.6 million barrels to 236.0. Gasoline production decreased, averaging 8.9 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose $2.77 to settle at $62.35 a barrel. The EIA reports that crude oil inventories increased by 2.6 million barrels from the previous week. At 442.3 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
"Motorists across Michigan are seeing much lower prices at the pump this week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand continues to drop, alongside lower crude oil prices, gas prices may follow suit."
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.11 per gallon, about 11 cents less than last week’s average and 55 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 ($3.16), Metro Detroit ($3.11), Marquette ($3.11)
- Least expensive gas price averages: Traverse City ($2.97), Flint ($3.02), Grand Rapids ($3.03)
