DEARBORN — Gas prices in Michigan are up 7 cents compared to last week. Michigan drivers are now paying an average price of $2.07 per gallon for regular unleaded. This price is 2 cents less than this time last month and 39 cents less than this time last year.
Motorists are paying an average of $31 for a full 15-gallon tank of gasoline; a discount of $13 from when prices were their highest last July.
In the new weekly report from the Energy Information Administration (EIA), gas demand increased from 8.34 million b/d to 8.76 million b/d. The increase in demand, alongside a drop in total domestic stocks by 2.3 million bbl to 225.4 million bbl, helped the national average to increase this week. However, EIA’s current weekly demand estimate is approximately 560,000 b/d lower than last year’s rate at this time.
“Although the Michigan state average increased this week, low demand will likely contribute to pump prices remaining low this autumn,” said Adrienne Woodland, spokesperson, AAA – The Auto Club Group.
Compared to last week, Metro Detroit’s average daily gas price increased slightly. Metro Detroit’s current average is $2.05 per gallon, 1 cent more than last week’s average but still 46 cents less than this time last year. — G.G.