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January 14, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE EDGES UP EIGHT CENTS

 
Dearborn, Michigan (January 14, 2018) -- AAA Michigan reports that the statewide average daily gas price increased about 8 cents. Michigan’s current daily statewide average is about $2.671 per gallon, about 8 cents more than last week’s average and about 30 cents more than this same time last year.
 
Metro Detroit’s average daily gas price increased about 3 cents. Metro Detroit’s current average is about $2.67 per gallon, about 3 cents more than last week’s average and about 28 cents more than this same time last year.
 
Of the ten Michigan metro areas surveyed by AAA for self-serve unleaded fuel prices, the lowest average price can be found in the Marquette area, where it’s about $2.64 a gallon. The highest average price can be found in the Ann Arbor area for the second week in a row, where it’s about $2.75 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:
  • < >in the nation for most expensive average daily gas price< >in the nation for biggest change in weekly average daily gas price (+8 cents)< >in the nation for biggest change in monthly average daily gas price (+23 cents)Pump prices are volatile across the region with prices increasing and decreasing.
  • Gasoline inventory increased alongside gas prices.
  • According to the EIA, the supply levels are the highest the region has seen since end of September 2017.
 
National

  • After the national average held steady for the of beginning of 2018, it began to climb when the Energy Information Administration’s (EIA) latest weekly petroleum report showed that gasoline demand increased slightly.
  • Although gasoline inventories around the country built, gasoline production dropped.
  • The drop in production may signal that gasoline supplies may become tighter.
  • If demand also continues to climb, drivers are likely to see pump prices increase.
Global

  • Although the market dropped slightly, end of the year gains were significant according to the EIA.
  • Among the 2017 U.S. crude highlights were:
    • Crude oil prices at the end of the year were the highest year-end prices since 2013.
    • U.S. crude production increased.
    • Crude oil exports averaged 1 million b/d through October 2017 – a record high and increase of 445,000 b/d from the 2016 average.
    • These facts have given the market greater optimism about the potential of prices continuing to climb in 2018, as OPEC’s agreement to reduce production will remain in effect through the end of this year and will help to restrain growing inventories.
  • Growing U.S. production amid higher global demand growth has given some pause to these optimistic market observations.
  • U.S. production rates in coming months will give a clearer picture.
 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.528 2.492 2.344
Michigan 2.716 2.633 2.409
Ann Arbor 2.751 2.663 2.440
Benton Harbor 2.727 2.644 2.315
Flint 2.744 2.597 2.303
Grand Rapids/Muskegon/Holland 2.744 2.615 2.395
Jackson 2.724 2.666 2.445
Lansing/E. Lansing 2.740 2.602 2.401
Marquette 2.642 2.592 2.223
Metro Detroit 2.678 2.642 2.398
Saginaw/Bay City/Midland 2.739 2.558 2.400
Traverse City 2.683 2.628 2.391
         

 
 
Gas Price Survey Methodology
Every day up to 130,000 stations in the nation and more than 4,200 stations in Michigan are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline. 
AAA updates fuel price averages daily at www.GasPrices.AAA.com.
The next Gas Price Primer will be emailed on Sunday, January 21, 2018
 
Web Tools
Daily Gas Prices-Michigan
Daily Gas Prices-National
Gas Cost Calculator
Mobile App

 

 
AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.4 million members across the state. It is part of The Auto Club Group (ACG).  Connect with us on Facebook and LinkedIn.
The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.  ACG belongs to the national AAA federation with more than 57 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

 
 

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, travel, insurance and financial services offerings to approximately 9 million members across 11 states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with nearly 55 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

About Auto Club Group Traffic Safety Foundation
Established by AAA – The Auto Club Group in 2010, Auto Club Group Traffic Safety Foundation, Inc. (ACGTSF) is a 501(c)(3) non-profit organization and public charity dedicated to producing a significant and continuous reduction in traffic crashes, injuries and deaths in the communities targeted by its efforts. ACGTSF provides programs, education and outreach to increase public awareness about the importance of traffic safety and improve driving behavior. ACGTSF is funded by voluntary, tax-deductible contributions from organizations and individuals who support ACGTSF’s purpose.


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