DEARBORN, MI – Gas prices continue to rise across Michigan.
According to AAA Michigan, average gas prices in the state are up to 12 cents compared to a week ago. Michigan drivers now pay on average $2.76 per gallon for regular unleaded, which is the highest price seen since September 2019.
This price is 35 cents more than this time last month and 36 cents more than this time last year. Motorists pay an average of $41 for a full 15-gallon tank of gas; an increase of about $1 from when prices were at their highest last January.
“Michigan drivers have seen gas prices rise steadily over the past few weeks due to rising crude oil prices,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “As Midwestern refineries begin to switch to more expensive summer blend gasoline and Gulf Coast refinery outages still have an impact, motorists may continue to see higher pump prices. all week long.”
The national average continues to rise as crude prices climb. According to GasBuddy, the national average gasoline price rose 7.5 cents per gallon last week to average $2.72/g today.
The national average is up 30.3 cents per gallon from a month ago and stands 30.6 cents per gallon higher than a year ago.
The price increase was largely driven by longer than expected refining shutdowns due to the winter storm that hit the Gulf Coast. As refineries restart and return to normal operations, supply is expected to increase in affected areas and should stabilize prices at the pump.
Until then, most drivers should expect pump prices to continue to rise through the weekend.
“Gasoline prices continued to rise last week following cold weather-related shutdowns in Texas, but going forward, the impact of cold weather has likely run its course. However, several other factors will increase again their influence on gasoline prices, including the fact that gasoline demand continues to increase,” said Patrick De Haan, head of oil analysis at GasBuddy.
“According to data from Pay with GasBuddy, total gasoline demand last week hit its highest level since the start of the pandemic as COVD-19 cases continue to drop and Americans fill up more. On the supply side, the number of active oil rigs in the United States is nearly 50% lower than a year ago, which is a major factor pushing prices higher. To put it simply, demand is recovering much faster than oil production levels, which is why oil prices have soared. This week, OPEC will meet to hopefully increase oil production to temper rising prices, but will it increase oil production enough to meet the growing appetite of a global economy? who saw the demand for oil jump? We will have to wait and see.
Michigan’s Most Expensive Average gasoline prices were in Saginaw ($2.78), Grand Rapids ($2.77), and Lansing ($2.77). It is the cheaper. average gas prices were in Traverse City ($2.56), Metro Detroit ($2.75) and Marquette ($2.76), according to AAA Michigan.
AAA surveys 130,000 stations nationwide and more than 4,200 stations in Michigan based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service.
All average retail prices shown in the report are for one gallon of regular unleaded gasoline.