AAA MICHIGAN REPORTS: STATEWIDE AVERAGE DAILY GAS PRICE UP SEVEN CENTS

 
GAS PRICE PRIMER
 
Increase
 
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 SEVEN CENTS
Dearborn, Michigan (July 15, 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 $3.00 per gallon, about 7 cents more than last week’s average and about 65 cents more than this same time last year. 
 
Compared to last week, Metro Detroit’s average daily gas price has increased slightly. Metro Detroit’s current average is about $3.00 per gallon, about 2 cents more than last week’s average and about 64 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 $2.96 a gallon. The highest average price can be found in the Traverse City area where it’s about $3.06 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:

National

  • Tighter gasoline stocks increase pump prices slightly.
  • Gas prices increased slightly following new data from the Energy Information Administration (EIA) that showed gasoline stocks fell by 700,000 bbl last week.
  • Gasoline production fell slightly.
  • Tighter supplies amid robust summer demand helped to push gas prices higher, while the higher cost of crude this summer over last summer continues to contribute to higher pump prices.
 

 

 
Global

  • Crude prices have trended higher after EIA's petroleum report revealed that total crude oil stocks fell an astonishing 12.7 million bbl last week.
  • EIA has not recorded a decline of that size since October 2016.
  • EIA data measures stocks at 405.2 million bbl, which are roughly 90 million bbl lower than they were at this time last year.
  • This puts a continued spotlight on tightening U.S. supplies, which are likely to continue dropping as domestic demand for gasoline holds strong while crude and gasoline exports from the U.S. remain robust.
  • If these trends continue amid high global crude demand, oil prices may continue riding high and contribute to increased pump prices throughout the summer and possibly into the fall.
 

 


Regular Unleaded Gas
Current and Past Price Averages
Sunday Week Ago Year Ago
National 2.879 2.865 2.254
Michigan 3.006 2.929 2.352
Ann Arbor 3.047 3.022 2.393
Benton Harbor 3.012 2.925 2.267
Flint 2.999 2.860 2.281
Grand Rapids/Muskegon/Holland 3.003 2.857 2.347
Jackson 3.028 2.866 2.411
Lansing/E. Lansing 3.010 2.889 2.314
Marquette 2.963 2.967 2.223
Metro Detroit 3.008 2.988 2.364
Saginaw/Bay City/Midland 3.004 2.849 2.303
Traverse City 3.060 2.870 2.347
         

 
 
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, July 22, 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.