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Gas prices drop to new 2025 low

AAA Logo. (PRNewsFoto/AAA Michigan)
PR NEWSWIRE
AAA Logo. (PRNewsFoto/AAA Michigan)

DEARBORN, MI— Gas prices in Michigan are down 17 cents from a week ago. Michigan drivers are now paying an average of $2.92 per gallon for regular unleaded, which is a new 2025-low. This price is 16 cents less than this time last month and 37 cents less than this time last year.

Motorists are paying an average of $43 for a full 15-gallon tank of gasoline; a discount of about $14 from 2024's highest price last July.

According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.51 million b/d to 8.91 million. Total domestic gasoline supply decreased from 220.7 million barrels to 219.1 million. Gasoline production increased last week, averaging 9.8 million barrels per day.

At the close of Wednesday’s formal trading session, WTI rose 82 cents to settle at $62.55 a barrel. The EIA reports crude oil inventories increased by 3.7 million barrels from the previous week. At 420.3 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.

"Michigan drivers are catching a break at the pump, with gas prices dropping to the lowest point so far this year," 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 $2.93 per gallon, about 13 cents less than last week’s average and 48 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 ($3.04), Jackson ($2.94), Marquette ($2.93)
  • Least expensive gas price averages: Grand Rapids ($2.84), Flint ($2.84), Traverse City ($2.89)
Nicole was born near Detroit but has lived in the U.P. most of her life. She graduated from Marquette Senior High School and attended Michigan State and Northern Michigan Universities, graduating from NMU in 1993 with a degree in English.