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March 25, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE JUMPS FOURTEEN CENTS

 
Dearborn, Michigan (March 25, 2018) -- AAA Michigan reports that the statewide average daily gas price increased about 14 cents. Michigan’s current daily statewide average is about $2.71 per gallon, about 14 cents more than last week’s average and about 42 cents more than this same time last year.
 
Metro Detroit’s average daily gas price increased about 9 cents. Metro Detroit’s current average is about $2.68 per gallon, about 9 cents more than last week’s average and about 38 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 Jackson area, where it’s about $2.77 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 the largest weekly average daily gas price increase  (+14 cents)< >in the nation for the largest monthly average daily gas price increase (+21cents)The Great Lakes and Central states saw gas price increases and decreases.
  • This is not surprising as the region traditionally sees high volatility.
  • Gasoline inventories dropped, but are in line with levels this time last year, according to EIA data.
     
National

  • Gas prices around the country increased following the release of the Energy Information Administration's (EIA) weekly petroleum status report that found that demand is still very robust for this time of the year.
  • Gasoline supplies also tightened, which has contributed to higher gas prices.
  • The total amount is less than gasoline supply levels last year at this time, signaling that prices are likely to continue pushing higher into next week if demand remains at its robust level. 
 

 
Global

  • The futures market for crude oil has pulled higher after EIA's report revealed crude inventories fell for the third consecutive week.
  • Crude oil inventories dropped.
  • When compared to last March at this time, current domestic crude inventories are lower.
  • This year-over-year change could be attributed to higher than usual gasoline demand in the U.S. for this time of the year, which has also coincided with growing crude and gasoline exports from the U.S.
  • The lowering crude data also signaled that OPEC’s production reduction agreement with other large producers, including Russia, is helping to drain domestic crude supplies and lift the price per barrel. The reduction agreement will be in effect through the end of 2018. 
 

 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.607 2.542 2.286
Michigan 2.716 2.567 2.295
Ann Arbor 2.752 2.602 2.343
Benton Harbor 2.701 2.559 2.267
Flint 2.747 2.497 2.232
Grand Rapids/Muskegon/Holland 2.759 2.567 2.265
Jackson 2.772 2.574 2.317
Lansing/E. Lansing 2.749 2.541 2.277
Marquette 2.644 2.623 2.223
Metro Detroit 2.684 2.592 2.302
Saginaw/Bay City/Midland 2.753 2.578 2.263
Traverse City 2.728 2.572 2.269
         

 
 
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, April 1, 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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