Despite a decline in the state average, a few Michigan metro areas continue to see prices increase

24 May 2021

DEARBORN, Mich., (May 24, 2021) - Gas prices in Michigan decreased 2 cents compared to last week. In spite of the drop in the state average, a few metro areas continue to see rising prices. Michigan drivers are now paying an average of $2.93 per gallon for regular unleaded. This price is 9 cents more than this time last month and 97 cents more than this time last year.

Motorists are paying an average of $44 for a full 15-gallon tank of gasoline; an increase of about $5 from when prices were their highest last January.

The national average for a gallon of regular gasoline has held steady at $3.04 for several days, following a ransomware attack on Colonial Pipeline that halted its operations and severely constrained the delivery of gasoline along the East Coast and Southeast. According to new data from the Energy Information Administration (EIA), total domestic refinery utilization increased slightly to 86.3 percent, while total domestic supply decreased by 2 million bbl to 234.2 million bbl and demand increased from 8.8 million b/d to 9.2 million b/d. With the gasoline distribution system continuing to recover from the attack and grappling with a shortage of gasoline tanker drivers, higher refinery utilization rates will ensure refined products, including gasoline, continue to flow where they are most needed. As demand and supply move in sync, the national average is expected to continue stabilizing.

At the close of Thursday’s formal trading session, WTI decreased by $1.31 to settle at $62.05. Crude prices decreased last week as the market remains concerned that increasing coronavirus infections around the world could reduce crude consumption this year. Additionally, new market concerns about inflation and EIA’s weekly report showing that total domestic crude inventories increased by 1.3 million bbl to 486 million bbl have also helped to reduce crude prices.

“Despite the slight drop in the Michigan state average, we could see some fluctuation this week with the lead up to Memorial Day Weekend, during which AAA forecasts over 1 million Michigan residents will take road trips,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. 

Compared to last week, Metro Detroit’s average daily gas price increased slightly. Metro Detroit’s current average is $3.01 per gallon, which is a new 2019-high.  This price is 1 cent more than last week’s average and $1.07 more than this same time last year.

Click here to view AAA’s state and metro gas averages

  • Most expensive gas price averages: Marquette ($3.08), Metro Detroit ($3.01), Traverse City ($2.98)
  • Least expensive gas price averages: Grand Rapids ($2.81), Lansing ($2.84), Jackson ($2.84)

Find Local Gas Prices

  • Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com 
  • Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.


                            CURRENT AND PAST PRICE AVERAGES

                                       Regular Unleaded Gasoline

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020 Low

2020 High

Record High

National

$3.04 

$3.04

$3.04

$2.89

$1.95

$1.77 (Apr. 29)

$2.60 (Jan. 9)

$4.11 (July 2008)

Michigan

$2.93 

$2.93

$2.95

$2.84

$1.96

$1.41 (Apr. 28)

$2.63 (Jan. 9)

$4.26 (May 2011)

Detroit

$3.01 

$3.01

$3.00

$2.80

$1.94

$1.42 (Apr. 28)

$2.61 (Jan. 9)

$4.24 (May 2011)

Click here to view current gasoline price averages

 

 

 

 

 

 

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.

About AAA - The Auto Club Group
AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.5 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 with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.