Gas prices hit $3 in Michigan for the first time in three years

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Rising_Gasoline_Prices_33415-159532.jpg23501895

FILE- This April 23, 2018, file photo show gasoline prices at a fueling center in Richland, Miss. Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way. (AP Photo/Rogelio V. Solis, File)

 
Dearborn, Michigan (May 16, 2018)  AAA Michigan reports that the statewide average daily gas price rose above the $3 mark for the first time in nearly three years. The last time the statewide average rose above the $3 mark was in August of 2015.  Michigan’s current daily statewide average is about $3.02 per gallon, about 14 cents more than last week’s average and about 63 cents more than this same time last year. 
 
Metro Detroit’s current average hit the $3 per gallon mark today also. That’s about 10 cents more than last week’s average and about 63 cents more than this same time last year.
 
Of the ten Michigan metro areas surveyed by AAA for self-serve unleaded fuel prices, the lowest average price can be found in the Marquette area, where it’s about $2.93 a gallon. The highest average price can be found in the Saginaw/Bay City/Midland area where it’s about $3.06 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:
  • 11th in the nation for most expensive average daily gas price
  • 1st   in the nation for the biggest change in average weekly gas price (+14)
 
Factors Contributing to Price Increases at the Pump
  • Increased crude oil prices
  • Increased demand as summer driving season begins
  • Switch over to the more-expensive-to-produce summer blend gasoline
  • Regional gasoline inventories have steadily declined
 
 
 
Regular Unleaded Gas
Current and Past Price Averages
WednesdayWeek AgoYear Ago
National2.8912.8262.336
Michigan3.0242.8802.392
Ann Arbor3.0582.9282.416
Benton Harbor3.0382.8992.369
Flint3.0602.8362.379
Grand Rapids/Muskegon/Holland3.0602.8822.387
Jackson3.0552.8322.404
Lansing/E. Lansing3.0162.8212.397
Marquette2.9372.8382.223
Metro Detroit3.0002.8942.370
Saginaw/Bay City/Midland3.0632.9042.389
Traverse City3.0352.8952.362
 
Gas Price Survey Methodology
Every day up to 130,000 stations in the nation and more than 4,200 stations in Michigan are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline. 
AAA updates fuel price averages daily at www.GasPrices.AAA.com.
 
Web Tools
Daily Gas Prices-Michigan

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