DEARBORN, MI— Gas prices in Michigan are down 14 cents from last week. Michigan drivers are now paying an average of $2.82 per gallon for regular unleaded. This price is 33 cents less than this time last month and 13 cents less than this time last year.
Motorists are paying an average of $42 for a full 15-gallon tank of gasoline; a discount of about $15 from 2024's highest price last July.
According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 8.72 million b/d to 8.32 million. Total domestic gasoline supply increased from 209.9 million barrels to 214.4 million. Gasoline production increased, averaging 9.8 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose 31 cents to settle at $58.95 a barrel. The EIA reports crude oil inventories increased by 0.6 million barrels from the previous week. At 427.5 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
"Motorists across Michigan are seeing the lowest gas prices since October," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "With demand declining and gasoline inventories climbing, pump prices may continue to drop."
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $2.89 per gallon, about 7 cents less than last week’s average and 8 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 ($2.96), Metro Detroit ($2.89), Jackson ($2.84)
- Least expensive gas price averages: Traverse City ($2.58), Benton Harbor ($2.72), Flint ($2.72)
