Business & Tech
MI Gas Prices Among Worst In County: Here's How Much They've Gone Up This Week
Gas prices across Michigan are approaching new all-time records, according to AAA.
Gas prices across Michigan jumped 32 cents overnight, according to AAA.
The average price for a regular gallon of gas across Michigan on Thursday was $4.58, which is 71 cents higher than last week, according to AAA.
In the metro Detroit area, the average for a regular gallon of gas was $4.54, up 68 cents from last week, according to AAA.
Find out what's happening in Across Michiganfor free with the latest updates from Patch.
The spike is due to refinery issues stemming from the war in Iran and the conflict in the Strait of Hormuz, Patrick De Haan of Gas Buddy said.
"Gas prices in Michigan, Indiana, Ohio, Illinois and Wisconsin are now at their highest levels since summer 2022, and are approaching new all-time records," he said.
Find out what's happening in Across Michiganfor free with the latest updates from Patch.
Comparatively, the national average sat at $4.30 on Thursday.
Gas prices are the highest they have been in four years, according to AAA. Drivers experienced brief relief as the price for a gallon of gas ticked down for nearly two weeks, falling 6 cents last week. This week, though, it climbed 27 cents, AAA said.
The highest recorded average price for a regular gallon of gas in Michigan was $5.22, which was set in the summer of 2022, according to AAA.
The national average is $1.12 higher than it was this time last year. Oil prices have surged above $100/barrel as there is no indication of when the Strait of Hormuz will reopen, according to AAA.
Drivers are feeling the pinch, too. The Energy Information Administration released new data that showed the domestic demand for gasoline decreased last week from 228.4 million barrels to 222.3 million. In that same period, production also decreased, averaging 9.8 million barrels per day.
These are the top 10 most expensive gasoline markets:
- California ($6.01)
- Hawaii ($5.64)
- Washington ($5.57)
- Oregon ($5.15)
- Nevada ($5.12)
- Alaska ($4.92)
- Arizona ($4.67)
- Illinois ($4.66)
- Michigan ($4.58)
- Ohio ($4.46)
Comparatively, these states are the least expensive:
- Oklahoma ($3.70)
- Kansas ($3.75)
- Georgia ($3.75)
- Mississippi ($3.77)
- Arkansas ($3.79)
- Louisiana ($3.80)
- Missouri ($3.83)
- North Dakota ($3.84)
- Texas ($3.85)
- Alabama ($3.86)
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