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February 18, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE DROPS ELEVEN CENTS

 
Dearborn, Michigan (February 18, 2018) -- AAA Michigan reports that the statewide average daily gas price decreased about 11 cents. Michigan’s current daily statewide average is about $2.45 per gallon, about 11 cents less than last week’s average and about 19 cents more than this same time last year.
 
Metro Detroit’s average daily gas price decreased about 8 cents. Metro Detroit’s current average is about $2.49 per gallon, about 8 cents less than last week’s average and about 25 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 Flint area, where it’s about $2.34 a gallon. The highest average price can be found in the Marquette area for the third week in a row, where it’s about $2.67 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:
  • < >in the nation for least expensive average daily gas price< >in the nation for biggest change in weekly average daily gas price (-11 cents)< >in the nation for biggest change in monthly average daily gas price (-19 cents)Gas prices have been less expensive across the region,
  • Michigan is one of the states in the region that have seen very volatile gas prices since January.
  • Gasoline inventories in the region have built every week this year according to EIA reports.
National

  • Gas prices have decreased and the downturn looks to be as a result of quicker refinery maintenance turnarounds and a build in U.S. crude oil inventories and production.
  • The Energy Information Administration reported that U.S. oil production grew.
  • U.S. crude inventories rose.

 
 
Global

  • Increased U.S. production coupled with consecutive weeks of increases in the U.S. oil rig count has placed a spotlight on OPEC’s restrained production agreement aimed at rebalancing the global oil supply.
  • Market watchers will closely monitor to see how much a surge in U.S. production eats into OPEC’s efforts to rebalance the market and the impact it has on crude oil prices.
     
     


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.533 2.583 2.283
Michigan 2.457 2.572 2.263
Ann Arbor 2.538 2.636 2.264
Benton Harbor 2.428 2.558 2.208
Flint 2.341 2.510 2.212
Grand Rapids/Muskegon/Holland 2.397 2.547 2.271
Jackson 2.459 2.635 2.263
Lansing/E. Lansing 2.346 2.503 2.214
Marquette 2.678 2.721 2.223
Metro Detroit 2.498 2.579 2.246
Saginaw/Bay City/Midland 2.376 2.542 2.279
Traverse City 2.357 2.437 2.246
         

 
 
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 25, 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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