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January 28, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE UP A PENNEY

 
Dearborn, Michigan (January 28, 2018) -- AAA Michigan reports that the statewide average daily gas price increased about one cent. Michigan’s current daily statewide average is about $2.63 per gallon, about one cent more than last week’s average and about 43 cents more than this same time last year.
 
Metro Detroit’s average daily gas price decreased about 3 cents. Metro Detroit’s current average is about $2.58 per gallon, about 3 cents less than last week’s average and about 37 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 Jackson area, where it’s about $2.56 a gallon. The highest average price can be found in the Marquette area for the second week in a row, where it’s about $2.76 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 smallest change in montlyly average daily gas price (-1 cent)Motorists in some of the region are among the minority in the country seeing pump price decreases while other states in the region are paying more at the pump for a gallon.
  • While a few states in the region are welcoming cheaper gas prices, there are no cost savings at the pump compared to this time last year.
  • Gasoline inventory built in the region.
  • Inventories are in line with this time last year, according to the latest EIA report.
National

  • Gas prices push higher amid crude price rally.
  • Gas prices across the nation have moved higher, following the Energy Information Administration’s (EIA) latest petroleum report showing that total gasoline inventories were up.
  • The increase marked the 11th consecutive week of growth in stocks amid lower winter demand from U.S. drivers.
  • Stocks are still lower than the level at the same time last year, signaling that gasoline demand has not been strong enough to chip away at the high levels of gasoline production from refineries.

 
Global

  • Oil prices have trended higher after EIA’s report highlighted that U.S. crude inventories reached their lowest level in nearly three years.
  • Crude production in the U.S. continues to inch closer to a new record, which most market analysts expect the U.S. to hit sometime this year.
  • Crude output grew and caused investors to remain cautiously optimistic about where the market is headed for 2018.
  • The hesitation is due to worries about growing production rates from large producers who are not participating in the OPEC production agreement, such as the U.S., which could thwart efforts to push the market price for oil as high as possible and rebalance supply.
 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.577 2.537 2.278
Michigan 2.631 2.614 2.201
Ann Arbor 2.627 2.667 2.240
Benton Harbor 2.659 2.620 2.111
Flint 2.603 2.550 2.056
Grand Rapids/Muskegon/Holland 2.677 2.581 2.165
Jackson 2.564 2.613 2.271
Lansing/E. Lansing 2.610 2.589 2.118
Marquette 2.762 2.694 2.223
Metro Detroit 2.588 2.619 2.649
Saginaw/Bay City/Midland 2.676 2.553 2.127
Traverse City 2.607 2.492 2.261
         

 
 
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, February 4, 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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