Michigan gas prices jump 12 cents from a week ago

DETROIT (FOX 2) – Michigan drivers are paying a bit more to fill up their tanks this week than a week ago, according to data from AAA.

Gas price averages rose 12 cents from this time a week ago, bringing the price for a gallon of unleaded gas up to $3.15. This is 8 cents more than this time last month and 11 cents more than this time last year.

According to AAA, it now costs an average of $47 for a full tank of unleaded gasoline. This is down about $10 from 2024’s highest price last July.

Gas prices also rose in the Metro Detroit area, albeit a bit less than the rest of the state. Compared to last week, Metro Detroit’s average daily gas price increased to $3.18 per gallon, about 10 cents more than last week’s average and 15 cents more than this same time last year.

By the numbers:

According to new data from the Energy Information Administration (EIA), gasoline demand fell from 8.48 million b/d last week to 8.32. Meanwhile, total domestic gasoline stocks rose from 237.7 million barrels to 243.6, while gasoline production popped, averaging 9.3 million barrels daily.

At the close of Wednesday’s formal trading session, WTI rose $2.54 to settle at $80.04 a barrel. The EIA reports that crude oil inventories decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.

What’s next:

“Michigan motorists are seeing higher prices at the pump this week,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “If crude oil prices continue to rise, gas prices will likely follow suit.”

Most expensive gas prices

1. Metro Detroit ($3.18)
2. Ann Arbor ($3.17)
3. Saginaw ($3.15)

Least expensive gas prices

1. Traverse City ($3.01)
2. Benton Harbor ($3.09)
3. Marquette ($3.12)