DEARBORN, MI— Gas prices in Michigan are down 13 cents from last week. Michigan drivers are now paying an average of $3.08 per gallon for regular unleaded. This price is 17 cents less than this time last month and 48 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 increased from 8.64 million b/d to 9.45. Total domestic gasoline supply decreased from 225.5 million barrels to 223.1. Gasoline production increased, averaging 9.8 million barrels per day.
At the close of Wednesday’s formal trading session, WTI increased 95 cents to settle at $61.84 a barrel. The EIA reports that crude oil inventories decreased by 2.8 million barrels from the previous week. At 440.4 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand drops, alongside low crude oil prices, pump prices may continue to fall."
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.12 per gallon, about 4 cents less than last week’s average and 39 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 ($3.12), Grand Rapids ($3.10)
- Least expensive gas price averages: Jackson ($2.96), Benton Harbor ($2.98), Traverse City ($2.99)
