The Michigan state average is up 23 cents compared to last week

03 October 2022

 

DEARBORN, Mich., (October 3, 2022) - Gas prices in Michigan jumped 23 cents compared to a week ago. Michigan drivers are now paying an average of $4.17 per gallon for regular unleaded. This price is 33 cents more than this time last month and 96 cents more than this time last year.

Motorists are paying an average of $62 for a full 15-gallon tank of gasoline; an increase of about $11 from 2021’s highest price last November.

According to new data from the Energy Information Administration (EIA), gas demand increased nationally from 8.32 million b/d to 8.83 million b/d, and total domestic gasoline stocks decreased by 2.4 million bbl to 212.2 million bbl. Higher gasoline demand amid tight supply and fluctuating oil prices have increased the national average.

At the close of Wednesday’s formal trading session, WTI increased by $3.65 to settle at $82.15. Crude prices increased last week due to market concerns about oil supply. According to the U.S. Bureau of Safety and Environmental Enforcement, 11 percent of crude oil production in the Gulf of Mexico was shuttered to prevent damage from Hurricane Ian. However, some production has resumed, with just over 9 percent of production still shuttered. Moreover, reports have emerged that the Organization of the Petroleum Exporting Countries (OPEC) and its allies – including Russia – known as OPEC+ intend to announce collective oil production cuts at their next meeting on October 5. Additionally, according to the EIA’s latest weekly report, total domestic commercial crude inventories decreased slightly by 200,000 bbl to 430.6 million bbl.

"Michigan drivers are seeing noticeably higher prices at the pump with the state average jumping above $4 a gallon once again," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand remains robust as supply tightens, drivers should brace for rising pump prices through the week."

Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $4.20 per gallon, about 20 cents more than last week’s average and 94 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 ($4.26), Metro Detroit ($4.20), Ann Arbor ($4.17)
  • Least expensive gas price averages: Traverse City ($4.03), Benton Harbor ($4.13), Grand Rapids ($4.14)


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.

Ways to Save on Gasoline

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community.
  • Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle.
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
  • Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.


                            CURRENT AND PAST PRICE AVERAGES

                                       Regular Unleaded Gasoline

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2021 Low

2021 High

Record High

National

$3.80

$3.80

$3.71

$3.81

$3.19

$2.25 (Jan. 1)

$3.42 (Nov. 5)

$5.02 (June 2022)

Michigan

$4.17

$4.16

$3.94

$3.84

$3.21

$2.17 (Jan. 10)

$3.43 (Nov. 7)

$5.22 (June 2022)

Detroit

$4.20

$4.18

$4.00

$3.98

$3.26

$2.20 (Jan. 7)

$3.40 (Nov. 6)

$5.31 (June 2022)

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 13 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.