Gas prices across Michigan have dropped 11 cents since last week, bringing the average cost statewide to $4.16 per gallon for regular unleaded.
“Gas prices are lower to start the week, providing some welcome relief for drivers. However, ongoing market volatility means prices could continue to fluctuate,” said Adrienne Woodland, spokesperson for AAA-The Auto Club Group.
Motorists are now paying roughly $62 for a full 15-gallon tank of gas, an increase of around $11 from the highest price reported last August, according to AAA.
In Metro Detroit, average daily gas prices dipped slightly, with drivers currently paying around $4.21 per gallon — about 2 cents less than last week’s average — but still about 91 cents more than this time last year.
The most expensive averages reported by AAA were in Ann Arbor ($4.25), Metro Detroit ($4.21), and Jackson ($4.15), with the least expensive averages reported in Flint ($4.06), Grand Rapids ($4.08), and Saginaw ($4.08).
Domestic gasoline supply increased from 208.7 million barrels to 209.4 million, according to new data from the Energy Information Administration (EIA), while gasoline demand decreased from 8.96 million to 8.68 million. Gasoline production also increased last week, averaging 9.7 million barrels per day.
Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com.