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August 26, 2018
STATEWIDE AVERAGE DAILY GAS PRICE UP FOUR 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 PRICE UP FOUR CENTS
 
Dearborn, Michigan (August 26, 2018) - AAA Michigan reports that compared to last week, the statewide average daily gas price has increased. Michigan’s current daily statewide average is about $2.94 per gallon, about 4 cents more than last week’s average and about 46 cents more than this same time last year. 
 
Compared to last week, Metro Detroit’s average daily gas price is unchanged. Metro Detroit’s current average is about $2.94 per gallon, about the same as last week’s average and about 50 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 City area for the fourth week in a row where it’s about $2.84 a gallon. The highest average price can be found in the Ann Arbor area where it’s about $2.97 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:
  • 14th in the nation for most expensive average daily gas price
  • 2ndin the nation for biggest change in average daily gas price compared to last week. (+04 cents)
  • 3rd  in the nation for biggest change in average daily gas price compared to last month (-7 cents)
     
    Regional
  • Prices are pushing down as the EIA reports inventories are not only seeing a year-over-year surplus, but levels are ahead of the five-year average.
  • This is the highest inventory reported for the region in the mid-August timeframe since 1999.
  • Strong inventory levels may not be a consistent trend.
  • The region’s refinery rates slowed slightly on the week ahead of the start of turnaround season, which will ultimately bring cheaper gas prices for motorists this fall and winter.
National

  • A slight dip in demand is contributing to pump prices sliding slightly.
  • Consumer gasoline demand slid, according to the Energy Information Administration (EIA).
  • This is nearly below the rate during this time last year.
  • Tepid demand alongside growing domestic stocks of gasoline, which increased, have contributed to pump prices dipping slightly in the run-up to Labor Day.
  • Gas demand is expected to spike around the holiday, leading to a likely, but brief, price jump as drivers take to the nation’s roads one last time before fall arrives.
     
Global

  • A weak dollar contributed to a price gain.
  • Following the release of EIA’s weekly report that showed total domestic crude inventories, crude prices rallied.
  • If the week brings a continued decline in crude stocks, crude prices could climb.

 
 
 

Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.839 2.841 2.359
Michigan 2.946 2.897 2.477
Ann Arbor 2.979 2.958 2.494
Benton Harbor 2.938 2.903 2.459
Flint 2.929 2.833 2.478
Grand Rapids/Muskegon/Holland 2.950 2.819 2.491
Jackson 2.971 2.893 2.471
Lansing/E. Lansing 2.945 2.834 2.479
Marquette 2.937 2.964 2.484
Metro Detroit 2.943 2.942 2.438
Saginaw/Bay City/Midland 2.945 2.854 2.476
Traverse City 2.846 2.758 2.535
         

 
 
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, September 2, 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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