DEARBORN, MI— Gas prices in Michigan are up 12 cents from a week ago. Michigan drivers are now paying an average of $3.27 per gallon for regular unleaded. This price is 16 cents more than this time last month but still 32 cents less than this time last year.
Motorists are paying an average of $49 for a full 15-gallon tank of gasoline; a discount of about $8 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 9.15. Total domestic gasoline supply decreased from 232.1 million barrels to 229.5. Gasoline production increased, averaging 9.9 million barrels per day.
At the close of Wednesday’s formal trading session, WTI increased 5 cents to settle at $68.38 a barrel. The EIA reports that crude oil inventories increased by 7.1 million barrels from the previous week. At 426 million barrels, U.S. crude oil inventories are about 8% below the five-year average for this time of year.
"Michigan drivers are seeing higher prices at the pump this week," said Howard Hughey, spokesperson, AAA-The Auto Club Group. "If demand continues to increase, gas prices may rise further."
Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $3.25 per gallon, about 5 cents more than last week’s average but still 29 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 ($3.33), Traverse City ($3.32), Lansing ($3.31)
- Least expensive gas price averages: Marquette ($3.06), Benton Harbor ($3.23), Metro Detroit ($3.25)
