DEARBORN, MI— Gas prices in Michigan are up 12 cents from a week ago. Michigan drivers are now paying an average of $3.17 per gallon for regular unleaded. This price is 9 cents less than this time last month and 21 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 from 8.50 million b/d to 8.81 million. Total domestic gasoline supply decreased from 220 million barrels to 217.6 million. Gasoline production decreased last week, averaging 9.4 million barrels per day.
At the close of Wednesday’s formal trading session, WTI fell 47 cents to settle at $64.05 a barrel. The EIA reports crude oil inventories decreased by 9.3 million barrels from the previous week. At 415.4 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
"Drivers across Michigan are seeing higher gas prices this week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If gas demand rises further, pump prices will likely follow suit."
Compared to last week, Metro Detroit’s average daily gas price increased slightly. Metro Detroit’s current average is $3.19 per gallon, about 2 cents more than last week’s average but still 19 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 ($3.23), Metro Detroit ($3.19), Grand Rapids ($3.18)
- Least expensive gas price averages: Traverse City ($2.94), Marquette ($3.00), Jackson ($3.09)
