Michigan gas prices to fall below $5 this weekend, analyst says

Expert says price drop offers optimism, but unsure if it will hold

It's crazy to say, but gas prices falling below five dollars a gallon would be very helpful to drivers out there, and that could be on the way, according to one gas analyst. People are just being stretched very thin now, and we're starting to see the desperation for gas money.

DETROIT – It’s no secret that gas prices falling below $5 per gallon would be extremely helpful to drivers in Michigan -- and that just may soon become a reality, one gas analyst says.

No matter where you live in Metro Detroit, you can’t hide from the record, sky-high fuel costs. With inflation soaring, people are being stretched thin, and the quick-rising gas prices certainly haven’t helped.

“Going to pick the kids up and dropping them off and or going to work, we fill up twice a day,” said Courtney Powell. “(It’s) a lot of driving.”

Powell of Inkster says the high prices hit him and his family even harder because he and his wife share their car, and both of them work.

“It’s like paying rent for gas,” Powell said.

Signs of desperation are everywhere as high prices take their toll on consumers.

“You have to put $200-$300 away just for gas in order to be safe,” Powell said.

Some experts have expressed that they expect gas prices to surpass $6 per gallon. Gas analyst Patrick De Haan, however, tweeted some hope on Wednesday.

“More Great Lakes #gasprices should start falling back under $5/gal this weekend into early next,” he tweeted. “We’ll see if this holds. A tiny bit of optimism...”

But, until that happens, people are being encouraged to continue working from home, if possible, and to cut out unnecessary driving in an effort to save some cash.

Drivers say prices need to drop back to around $2 in order for them to catch up.


About the Authors:

Jason anchors Local 4's 5:30 p.m. newscast. He joined WDIV in January 2015 as a general assignment reporter and has a Journalism degree from Michigan State University.

Brandon Carr is a digital content producer for ClickOnDetroit and has been with WDIV Local 4 since November 2021. Brandon is the 2015 Solomon Kinloch Humanitarian award recipient for Community Service.