The Michigan state average is up 9 cents compared to last week

24 January 2022

DEARBORN, Mich., (January 24, 2021) - Gas prices in Michigan jumped 9 cents, setting a new 2022-high. Michigan drivers are now paying an average of $3.24 per gallon for regular unleaded. This price is 13 cents more than this time last month and 96 cents more than this time last year.

Motorists are paying an average of $48 for a full 15-gallon tank of gasoline; an discount of about $3 from when prices were their highest last November.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks rose by 5.9 million bbl to 246.6 million bbl. On the other hand, gasoline demand rose slightly from 7.91 million b/d to 8.22 million b/d. The small increase still puts gas demand in a typical range for the winter driving season, which was 8.11 million b/d in mid-January 2021. Typically, pump prices decline due to low gas demand and a rise in total stocks, but continued growth in the price of crude oil has helped to elevate pump prices.

At the close of Thursday’s formal trading session, WTI decreased by six cents to settle at $86.90. Although crude prices took a slight step back due to EIA reporting that total domestic crude stocks increased by 500,000 bbl to 413.8 million bbl, domestic crude prices mostly increased last week as market confidence about economic growth prospects for the year grows. Additionally, the current crude stock level is approximately 15 percent lower than in mid-January 2021, contributing to pressure on domestic crude prices.

"Despite an increase in gasoline stocks, higher crude oil prices helped put pressure on Michigan pump prices pushing them to a new 2022-high," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "As crude prices continue to climb, pump prices will likely follow suit."

Compared to last week, Metro Detroit’s average daily gas price held steady. Metro Detroit’s current average is $3.21 per gallon, the exact same as last week’s average and 90 cents more than this same time last year.

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

  • Most expensive gas price averages: Marquette ($3.31), Lansing ($3.28), Jackson ($3.27)
  • Least expensive gas price averages: Ann Arbor ($3.20), Metro Detroit ($3.21), Benton Harbor ($3.22)

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

2021 Low

2021 High

Record High

National

 $3.33 

$3.33

$3.31

$3.29

$2.40

$2.25 (Jan. 1)

$3.42 (Nov. 5)

$4.11 (July 2008)

Michigan

$3.24

$3.24

$3.15

$3.11

$2.28

$2.17 (Jan. 10)

$3.43 (Nov. 7)

$4.26 (May 2011)

Detroit

 $3.21 

$3.21

$3.21

$3.23

 $2.31 

$2.20 (Jan. 7)

$3.40 (Nov. 6)

$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.