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March 11, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE NUDGES UP A NICKEL

 
Dearborn, Michigan (March 11, 2018) -- AAA Michigan reports that the statewide average daily gas price increased about 5 cents. Michigan’s current daily statewide average is about $2.59 per gallon, about 5 cents more than last week’s average and about 24 cents more than this same time last year.
 
Metro Detroit’s average daily gas price increased about 4 cents. Metro Detroit’s current average is about $2.56 per gallon, about 4 cents more than last week’s average and about 24 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 area, where it’s about $2.53 a gallon. The highest average price can be found in the Jackson area, where it’s about $2.64 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 (+5 cents)Gas prices have increased for the majority of states in the region.
  • Compared to last month, all motorists in the Great Lakes and Central states are seeing a cost savings at the pump.
  • Gasoline inventories built by 1.7 million bbl to register at 60 million bbl.
  • This is the largest inventory total the Great Lakes and Central region has seen this year and on par with levels this time last year, according to the EIA.
National

  • The national average holds steady as volatile winter nears its end
  • The flat price has been supported by increased gasoline output that has kept pace with higher than usual demand this winter.
  • Gasoline production increased according to the Energy Information Administration (EIA) petroleum status report.
  • The gain oalso helped to increase gasoline exports.
  • Gasoline demand also took a step forward .
  • With spring a few weeks away, demand is likely to continue growing as drivers see pump prices climb with the advent of warmer weather..
  • Typically, March brings more expensive pricing as days get longer, weather gets warmer and refinery’s gear up to switchover to pricier summer blends.

 
Global

  • After EIA’s weekly report noted that crude oil inventories, WTI prices took a hit.
  • They began to rise again after a report by Goldman Sachs stated that global demand for crude is likely to grow by 1.85 million b/d this year.
  • Crude storage levels are lower than they were last year, demonstrating that growth in global crude demand may be helping to lower levels amid restricted output due to OPEC’s production agreement. U.S. crude production continues to boom and be a closely watched figure.
  • Market observers are likely to continue watching this number to see if it begins to outpace domestic and global crude oil demand.

 
 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.527 2.532 2.298
Michigan 2.593 2.539 2.349
Ann Arbor 2.594 2.543 2.363
Benton Harbor 2.606 2.566 2.319
Flint 2.601 2.504 2.305
Grand Rapids/Muskegon/Holland 2.629 2.563 2.386
Jackson 2.643 2.572 2.412
Lansing/E. Lansing 2.606 2.514 2.345
Marquette 2.626 2.626 2.223
Metro Detroit 2.561 2.512 2.321
Saginaw/Bay City/Midland 2.621 2.538 2.342
Traverse City 2.538 2.561 2.299
         

 
 
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, March 18, 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 9.5 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 58 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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