Michigan gas prices ticked down about five cents from last week but remain above the $5 per gallon mark, about 82 cents higher than one month ago.
AAA reports Michigan drivers are now paying an average of $5.17 per gallon for regular unleaded, as of Monday. This price is 82 cents more than this time last month and $2.00 more than this time last year.
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Motorists are paying an average of more than $77 for a full 15-gallon tank of gasoline.
Nationally, the price for a gallon of regular gasoline has decreased by 3 cents to $4.98 from a week ago. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks fell by 700,000 bbl to 217.5 million bbl last week. Meanwhile, gasoline demand declined slightly from 9.2 million b/d to 9.09 million b/d.
The slight drop in gas demand has helped to limit pump price increases, AAA said. However, as crude oil prices remain volatile, the price per gallon for gasoline will likely remain elevated.
Compared to last week, Metro Detroit’s average daily gas price decreased with a current average of $5.27 per gallon, about 3 cents less than last week’s average and $2.09 more than this same time last year.
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: