Gas prices in Michigan are up 12 cents compared to last week.
Michigan drivers are now paying an average of $3.05 per gallon for regular unleaded, which is the highest price since May 2018. This price is 25 cents more than this time last month and $1.09 more than this time last year.
Motorists are paying an average of $46 for a full 15-gallon tank of gasoline; an increase of about $7 from when prices were their highest last January.
After the EIA’s weekly report showed that total domestic crude inventories decreased by 1.7 million bbl to 484.3 million bbl, crude prices increased last week. However, price gains have been limited by market concerns that increasing coronavirus infections around the world could reduce crude consumption this year.
“Strong demand for Memorial Day weekend helped Michigan gas prices spike to above $3 a gallon and the highest prices for the holiday since 2018,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “If demand slows, we could see prices stabilize through the week.”
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Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $3.08 per gallon, about 7 cents more than last week’s average and $1.10 more than this same time last year.
-Most expensive gas price averages: Metro Detroit ($3.08), Ann Arbor ($3.07), Jackson ($3.06)
-Least expensive gas price averages: Traverse City ($2.95), Benton Harbor ($2.98), Grand Rapids ($3.01)
Click here to view AAA's state and metro gas averages