Michigan gas prices up one cent
Prices Above $2 for Fourth Week in a Row
DEARBORN, Mich. – Gas prices increased slightly from last week, AAA Michigan reports.
Michigan's current statewide average is about $2.30 per gallon, about 1 cent more than last week's average and about $1.14 less than this same time last year.
This is the fourth week in a row that statewide average weekly gas prices have risen above $2.
The current Metro Detroit average is about $2.29 per gallon, about 1 cent more than last week and about $1.15 less than this same time last year.
This is the fourth week in a row that the Metro Detroit average weekly gas prices have risen above $2.
Of the cities surveyed by AAA , the cheapest price for self-serve unleaded fuel can be found in the Detroit and Marquette areas, where it's about $2.29 a gallon.
The highest average gas price can be found in the Traverse City area where it's about $2.37 a gallon.
According to current AAA reports:
Increasing gas prices over the past few weeks can be attributed to:
More expensive crude oil costs and the start of refinery maintenance season.
Typical gas price increases as refineries conduct maintenance, which can limit fuel production.
Rising crude oil costs making it more expensive for refineries to produce gasoline.
Even with gas prices trending higher, ample gasoline supplies and lower crude oil costs than in recent years should prevent prices from rising as high as in recent memory.
Barring any major disruptions in supply, AAA anticipates drivers will continue to pay below $3 per gallon throughout 2015.
Severe cold weather in Michigan and the Northeast and Midwestern states may limit driving and gasoline demand in the near term.
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