STATEWIDE AVERAGE DAILY GAS PRICE DROPS EIGHT CENTS

 
GAS PRICE PRIMER
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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 DROPS EIGHT CENTS
 
Dearborn, Michigan (September 3, 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 $2.85 per gallon, about 8 cents less than last week’s average and about 23 cents more than this same time last year on Labor Day. 
 
Compared to last week, Metro Detroit’s average daily gas price has decreased. Metro Detroit’s current average is about $2.90 per gallon, about 2 cents less than last week’s average and about 28 cents more than this same time last year on Labor Day.
 
Of the ten Michigan metro areas surveyed by AAA for self-serve unleaded fuel prices, the lowest average price can be found in the Flint area where it’s about $2.75 a gallon. The highest average price can be found in the Ann Arbor area for the second week in a row where it’s about $2.93 a gallon. 
 
According to the latest reports from AAA:
 
State
Michigan ranked:

National

  • Gas demand spiked ahead of  the holiday weekend.
  • Demand jumped according to the Energy Information Administration (EIA).
  • The summer driving season made one final push with a spike in demand as motorists took to the nation’s roads for final summer vacations.
  • The jump in pump prices is expected be temporary as refiners begin to switchover to the cheaper-to-produce winter blend gasoline in mid-September.
 

 
 
Global

  • Oil prices have mostly increased following the release of EIA’s report that showed crude inventories fell.
  • Tightening domestic crude supplies remain a concern, as geopolitical challenges and reduced global supply have the potential to further reduce supply moving into the fall.
  • If crude stocks continue to drop, prices could climb further. 
 

 


Regular Unleaded Gas
Current and Past Price Averages
Monday Week Ago Year Ago
National 2.837 2.838 2.620
Michigan 2.857 2.936 2.627
Ann Arbor 2.936 2.976 2.659
Benton Harbor 2.806 2.929 2.610
Flint 2.756 2.904 2.610
Grand Rapids/Muskegon/Holland 2.781 2.937 2.612
Jackson 2.843 2.949 2.605
Lansing/E. Lansing 2.794 2.927 2.622
Marquette 2.930 2.940 2.695
Metro Detroit 2.909 2.938 2.627
Saginaw/Bay City/Midland 2.782 2.926 2.596
Traverse City 2.785 2.848 2.644
         

 
 
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 9, 2018
 
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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.