Gas prices in Michigan dropped 2 cents compared to a week ago.
Michigan drivers are now paying an average of $2.80 per gallon for regular unleaded. This price is 4 cents less than this time last month but still $1.28 more than this time last year.
Motorists are paying an average of $42 for a full 15-gallon tank of gasoline; an increase of $3 from when prices were their highest January of 2020.
According to new data from the Energy Information Administration, total domestic gasoline stocks increased by 100,000 bbl to 235.1 million bbl last week. The increase helped to limit pump price increases as demand dropped from 9.1 million b/d to 8.88 million b/d.
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“While April began with a sharp gas price increase, Michigan motorists are seeing a slight decrease as we enter the month of May,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “If gas stocks continue to grow, amid a reduction in demand, pump prices could hold steady through the week."
Compared to last week, Metro Detroit’s average daily gas price increased slightly. Metro Detroit’s current average is $2.82 per gallon, about 2 cents more than last week’s average and $1.28 more than this same time last year.
Most expensive gas price averages: Marquette ($2.91), Jackson ($2.83), Bento Harbor ($2.82) Least expensive gas price averages: Traverse City ($2.73), Grand Rapids ($2.76), Lansing ($2.76).
Click here to view AAA's state and metro gas averages