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August 05, 2018
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS DROPS EIGHT CENTS
 
GAS PRICE PRIMER
 

 
AAA – The Auto Club Group
Susan Hiltz, Public Affairs Director, Michigan
C: 586.940.0278  slhiltz@aaamichigan.com
 
AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS DROPS EIGHT CENTS
 
Dearborn, Michigan (August 5, 2018) -- AAA Michigan reports that compared to last week, the statewide average daily gas price has decreased. Michigan’s current daily statewide average is about $2.92 per gallon, about 8 cents less than last week’s average and about 49 cents more than this same time last year. 
 
Compared to last week, Metro Detroit’s average daily gas price has decreased. Metro Detroit’s current average is about $2.97 per gallon, about 3 cents less than last week’s average and about 53 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 Grand Rapids/Muskegon/Holland area where it’s about $2.82 a gallon. The highest average price can be found in the Ann Arbor area for the third week in a row where it’s about $2.99 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:
  • 17th in the nation for most expensive average daily gas price
  • 1stin the nation for biggest change in average daily gas price compared to last week. (-8)
     
    Regional
  • Gasoline inventories in the region declined for a third week.
  • With the drop, total inventories are at the lowest mark of the year.
  • If inventories continue to tighten, motorists in the region can expect gas prices to climb.
     
National

  • Gas demand has strengthened nationally and helped to push pump prices higher.
  • Gas prices increased slightly following new data from the Energy Information Administration (EIA) that showed gasoline demand registered at a near record-high.
  • This demand reading is short of setting a new all-time recorded high.
  • The demand rate is more than 1.5 percent more than this time last summer.
  • High demand – along with tighter supplies– have driven the pump price increases seen around the country.
  • If demand remains robust amid dwindling stocks, motorists are likely to see pump prices continue to increase throughout the summer. 

 
 

Global

  • Oil prices made some gains, but are ending at a loss after EIA reported that total oil inventories across the country grew.
  • The build in crude stocks was supported by crude exports falling.
  • Reports have emerged that crude stocks in Cushing, OK, a major crude storage hub in the country, have fallen to their lowest point since October 2014. 
     


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.867 2.857 2.346
Michigan 2.923 3.005 2.428
Ann Arbor 2.998 3.048 2.477
Benton Harbor 2.887 2.995 2.402
Flint 2.854 2.997 2.357
Grand Rapids/Muskegon/Holland 2.828 3.001 2.415
Jackson 2.895 3.031 2.457
Lansing/E. Lansing 2.865 3.007 2.401
Marquette 2.983 2.972 2.440
Metro Detroit 2.975 3.006 2.437
Saginaw/Bay City/Midland 2.878 3.003 2.350
Traverse City 2.863 2.953 2.411
         

 
 
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, August 12, 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.

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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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