DEARBORN, MI— Gas prices in Michigan are down 11 cents from last week. Michigan drivers are now paying an average of $3.04 per gallon for regular unleaded. This price is 7 cents less than this time last month and 68 cents less than this time last year.
Motorists are paying an average of $45 for a full 15-gallon tank of gasoline; a discount of about $12 from 2024's highest price last July.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.46 million b/d to 9.41. Total domestic gasoline supply decreased from 234.0 million barrels to 229.5. Gasoline production increased, averaging 10.1 million barrels per day.
At the close of Wednesday’s formal trading session, WTI fell $1.40 to settle at $62.27 a barrel. The EIA reports that crude oil inventories increased by 0.2 million barrels from the previous week. At 443.1 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
"Gas prices in Michigan are down, with many motorists across the state seeing prices below $3 a gallon," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group.
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.07 per gallon, about 4 cents less than last week’s average and 58 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 ($3.11), Metro Detroit ($3.07), Marquette ($3.03)
- Least expensive gas price averages: Benton Harbor ($2.95), Jackson ($2.96), Flint ($2.97)
