DEARBORN, MI— Gas prices in Michigan are down 13 cents from a week ago. Michigan drivers are now paying an average of $3.05 per gallon for regular unleaded. This price is 12 cents less than this time last month and 21 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 decreased from 9.11 million b/d to 8.50 million. Total domestic gasoline supply increased from 218.5 million barrels to 220 million. Gasoline production decreased, averaging 9.6 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose $1.04 to settle at $63.67 a barrel. The EIA reports crude oil inventories increased by 3.9 million barrels from the previous week. At 424.6 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
"Michigan motorists 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 gas demand continues to fall, alongside increasing supply, then gas prices may drop further."
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.17 per gallon, about 9 cents less than last week’s average and 11 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 ($3.19), Metro Detroit ($3.17), Marquette ($3.01)
- Least expensive gas price averages: Grand Rapids ($2.87), Flint ($2.90), Lansing ($2.90)
