Gas prices in Michigan are up 16 cents compared to last week.
Michigan drivers are now paying an average of $2.96 per gallon for regular unleaded, which is the highest price since October 2018. This price is 16 cents more than this time last month and $1.14 more than this time last year.
Motorists are paying an average of $44 for a full 15-gallon tank of gasoline; an increase of about $5 from when prices were their highest last January.
Drivers should expect continued price fluctuations at the pump in the lead up to Memorial Day Weekend.
Prices increased after EIA’s weekly report revealed that total domestic crude oil inventory dropped by 8 million bbl to 485.1 million bbl.
“According to the EIA’s weekly report, gas stocks in the Midwest decreased to the lowest levels since October of 2020,” said AAA spokesperson Adrienne Woodland. “The tightening supply put pressure on pump prices, resulting in a double digit spike in Michigan.”
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Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $2.96 per gallon, about 14 cents more than last week’s average and $1.18 more than this same time last year.
Most expensive gas price averages: Traverse City ($2.99), Ann Arbor ($2.98), Saginaw ($2.97)
Least expensive gas price averages: Lansing ($2.94), Flint ($2.94), Benton Harbor ($2.95)
Click here to view AAA's state and metro gas averages