DEARBORN, MI— Gas prices in Michigan are up 7 cents from a week ago. Michigan drivers are now paying an average of $3.15 per gallon for regular unleaded. This price is 4 cents less than this time last month and 45 cents less 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 increased slightly from 8.42 b/d to 8.46 b/d. Total domestic gasoline supply decreased from 236.0 million barrels to 234.0. Gasoline production increased, averaging 9.4 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose $1.14 to settle at $62.47 a barrel. The EIA reports that crude oil inventories increased by 0.5 million barrels from the previous week. At 442.9 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
"Many drivers across Michigan are seeing higher prices at the pump this week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand decreases, gas prices could follow suit."
Compared to last week, Metro Detroit’s average daily gas price held steady. Metro Detroit’s current average is $3.11 per gallon, which is the exact same as last week’s average and 50 cents less than this same time last year.
Click here to view AAA's state and metro gas averages.
- Most expensive gas price averages: Saginaw ($3.20), Ann Arbor ($3.19), Lansing ($3.18)
- Least expensive gas price averages: Marquette ($3.04), Traverse City ($3.07), Metro Detroit ($3.11)
