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January 21, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE DROPS A DIME

 
Dearborn, Michigan (January 21, 2018) -- AAA Michigan reports that the statewide average daily gas price decreased about 10 cents. Michigan’s current daily statewide average is about $2.61 per gallon, about 10 cents less than last week’s average and about 31 cents more than this same time last year.
 
Metro Detroit’s average daily gas price decreased about 5 cents. Metro Detroit’s current average is about $2.61 per gallon, about 5 cents less than last week’s average and about 4 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 Traverse City area, where it’s about $2.49 a gallon. The highest average price can be found in the Marquette area, where it’s about $2.69 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 (-10cents)Motorists in the Great Lakes and Central states are seeing the largest increase in gas prices.
  • Gasoline inventory built in the region recently, making it the second highest build in the country according to the EIA.
National

  • Winter Hasn’t Stopped Gas Prices From Pushing Higher.
  • Pump prices have moved higher this week after the Energy Information Administration’s (EIA) latest petroleum report showed that gross refinery runs dropped.
  • Although the refinery run rate dropped, it is still north of 17 million – a rate typically seen during the busy, more expensive summer driving season – helping to push prices higher than they were at the same time last year.
  • EIA’s report also revealed that gasoline output increased.
  • The jump in gasoline production occurred while demand dropped, and total gasoline stocks in the country grew.
  • If these trends continue, drivers may see gas prices creep up further despite lower demand in the winter.

 
Global

  • Oil prices have slid since EIA’s latest petroleum report underscored domestic crude production in the U.S. continues to grow, potentially stalling efforts by OPEC and major crude producers to rebalance the market by cutting production through the end of 2018.
  • U.S. production dropped slightly.
  • At higher prices per barrel, U.S. producers are seizing this opportunity to grow global market share – evidenced by crude exports growing.
  • There was some early excitement in the market when the EIA report was first released because it disclosed a sharp drop in crude inventories– when supplies typically increase ahead of the spring driving season.
  • However, the bounce-back in production has renewed concerns that newfound crude in the U.S. will continue to oversupply the market through 2018.

 
 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.537 2.528 2.314
Michigan 2.614 2.716 2.298
Ann Arbor 2.667 2.751 2.324
Benton Harbor 2.620 2.727 2.195
Flint 2.550 2.744 2.162
Grand Rapids/Muskegon/Holland 2.581 2.744 2.269
Jackson 2.613 2.724 2.370
Lansing/E. Lansing 2.589 2.740 2.260
Marquette 2.694 2.642 2.223
Metro Detroit 2.619 2.678 2.572
Saginaw/Bay City/Midland 2.553 2.739 2.249
Traverse City 2.492 2.683 2.320
         

 
 
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 28, 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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