Michigan gas prices ticked down slightly after setting a new record of $4.26 per gallon last Thursday. But prices remain near that record high.
AAA Michigan said Monday that Michigan drivers are now paying an average of $4.24 per gallon for regular unleaded, which is up 27 cents from a week ago. This price is 89 cents more than this time last month and $1.43 more than this time last year.
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Motorists are paying an average of $63 for a full 15-gallon tank of gasoline; an increase of about $12 from when prices were their highest last November.
At the close of Friday’s formal trading session, WTI increased by $3.31 to settle at $109.33, capping off a volatile week in the oil market that saw crude oil rise to $123.70 on Tuesday. Crude began to show some weakness Wednesday when the price began to decline. Crude continues to remain under several stressors right now, most notably the Russian invasion of Ukraine.
“After setting a new record high of $4.26 per gallon, Michigan gas prices dropped slightly,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “Despite the slight decrease, Michigan drivers are still facing the highest gas prices in over a decade.”
Metro Detroit’s average daily gas price also declined slightly after setting a new record high of $4.28 on Thursday. Metro Detroit’s current average is $4.25 per gallon, about 25 cents more than last week’s average and $1.49 more than this same time last year.
Related: Whitmer signals veto of bill to freeze Michigan gas tax, supports federal tax suspension
Ways to Save on Gasoline
- Combine errands to limit driving time.
- Shop around for the best gas prices in your community.
- Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
- Remove excess weight in your vehicle.
- Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
- Enroll in savings programs. Click here for more information on ways AAA Members can save.
You can use the map below to track average gas prices in Michigan by county, updated daily with AAA data: