Michigan average daily gas prices: unchanged

Local News
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Dearborn, Michigan — AAA Michigan reports that the statewide average daily gas price is virtually unchanged from last week. Michigan’s current daily statewide average is about $2.68 per gallon, about the same as last week’s average and about 11 cents more than this same time last year.
 
Metro Detroit’s average daily gas price is virtually unchanged from last week. Metro Detroit’s current average is about $2.69 per gallon, about the same as last week’s average and about 16 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 Flint area for the second week in a row, where it’s about $2.63 a gallon. The highest average price can be found in the Ann Arbor area for the second week in a row, where it’s about $2.71 a gallon. 
 
According to the latest reports from AAA:
 
STATE
Michigan ranked:
  • 14th   in the nation for most expensive average daily gas prices
 
NATIONAL
  • Gas prices edged higher following the Energy Information Administration’s (EIA) latest report that showed gasoline stocks dropped by 1.1 million bbl last week.
  • Demand for gasoline continues to remain robust  and is more in line with seasonal increases in the measurement as the spring driving season kicks off.
  • Drivers are likely to continue seeing prices increase as stations across the country begin to switchover to the more expensive summer blend ahead of the busy driving season.
 
 
Global
  • Oil prices slid backward amid fears of a trade war between the U.S. and China, as both countries issued trade threats to increase tariffs on key goods produced in each country.
  • As the spat continues, WTI has taken a hit alongside the equities market in the U.S.
  • This news follows EIA reporting that crude exports hit a record high.
  • The last record high occurred in October 2017.
  • Another record high for domestic crude production contributed to the U.S. shipping more oil to other countries.
Regular Unleaded Gas
Current and Past Price Averages
SundayWeek AgoYear Ago
National2.6622.6572.386
Michigan2.6872.6952.572
Ann Arbor2.7162.7362.590
Benton Harbor2.6692.6812.575
Flint2.6342.6732.575
Grand Rapids/Muskegon/Holland2.6882.6952.600
Jackson2.7132.7342.614
Lansing/E. Lansing2.6452.6752.593
Marquette2.6792.6882.223
Metro Detroit2.6962.7052.527
Saginaw/Bay City/Midland2.6772.7212.596
Traverse City2.6522.7202.590
 
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.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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