1 week Ago By Gina Joseph
It was a good weekend to travel as gas prices in some areas of Southeast Michigan dropped as low as $2.98 per gallon. “Michigan drivers are now paying an average of $3.
25 per gallon for regular unleaded,” according to a report from AAA. “This price is 37 cents less than this time last month and 40 cents less than this time last year.” Those looking to fill up a 15-gallon tank were paying an average of $48; a discount of about $10 from 2023’s highest price last year at this time.
“Michigan motorists are seeing the lowest gas prices since February,” Adrienne Woodland, spokesperson, AAA-The Auto Club Group said, in the report. “Falling gasoline demand and oil costs will likely keep pump prices sliding.” According to new data from the Energy Information Administration (EIA), gas demand fell from 9.
30 million barrels of crude oil per day (B/D) to 8.93. Meanwhile, total domestic gasoline stocks rose slightly from 218.
4 to 219.2 million barrels, and gasoline production increased, averaging 9.7 million daily.
At the close of Wednesday’s formal trading session, WTI fell by $1.14 to settle at $69.20 a barrel.
The EIA reports that crude oil inventories decreased by 6.9 million barrels from the previous week. At 418.
3 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.32 per gallon, about 9 cents less than last week’s average and 41 cents less than this same time last year.
Some areas such as Dearborn and Westland saw prices drop as low as $2.98 per gallon. AAA’s state and metro gas averages showed: • Most expensive gas price averages: Jackson ($3.
37), Ann Arbor ($3.34), Marquette ($3.33) • Least expensive gas price averages: Grand Rapids ($3.
06), Benton Harbor ($3.10), Flint ($3.18) • Daily national, state, and metro gas price averages can be found at Gasprices.
aaa.com • Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.
• Do your errands all at once to limit driving time. • Shop around for the best gas prices in your community. • Pay with cash rather than credit.
Some retailers charge extra per gallon for customers who pay with a credit card. • Get rid of the excess weight in your vehicle. .
• Drive conservatively. Aggressive acceleration and speeding reduces fuel economy. • Consider enrolling in a savings programs.
AAA Members who enroll in Shell’s Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. For more information visit.
