Metro Detroit seeing significant drop in gas prices, will trend continue?

DETROIT – Metro Detroit has seen a big drop in fuel costs over the previous couple of weeks and lots of need to know if the costs will proceed to drop. Right here’s what the specialists are saying.

The state common on Monday was round $3.24, $0.85 lower than it was round this time final month.

In Metro Detroit you possibly can count on to pay even much less with a mean of $3.09, in line with AAA. That’s down almost 20 cents from final week.

“Christmas most positively got here early,” says driver Zeus Moore. He remembers when fuel costs have been round $5.00 a gallon over the summer season.

“$120 simply to fill it up,” says Moore. “Now, $60, $70 bucks relying on what fuel station I am going to, particularly once I’m out in Inkster it’s like $2.39 or $2.29.”

In Pontiac, drivers are discovering fuel as little as $2.99, preserving extra money of their pockets.

One driver says, “It’s good to see issues go down, saving more money, particularly round Christmas time is certainly a fantastic factor.”

The state common continues to be $0.04 greater than this time final 12 months so the hope is these costs proceed to drop.

Tom Kloza, International Head of Vitality Evaluation at Oil Value Info Service (OPIS) says, “The quick reply is sure, we’re gonna see fuel costs proceed to drop most likely into January. January of yearly tends to carry the bottom demand for gasoline. Tomorrow’s value would be the first time we’re below $3.25 nationally since Oct. 7, 2021. So there’s some fairly excellent news on the horizon.”

Kloza predicts fuel costs gained’t return up till spring.

For extra info on Michigan fuel costs go to AAA’s web site by clicking right here.