Gas Prices Drop in Michigan, Wisconsin Amid Regional Price Cycling
Gas Prices Drop in Michigan, Wisconsin Amid Regional Price Cycling

Gas Prices Drop in Michigan, Wisconsin Amid Regional Price Cycling

News summary

Gasoline prices in Michigan and Wisconsin have seen notable decreases recently, with Michigan's average dropping 12 cents to $3.15 per gallon and Wisconsin's falling nearly 7 cents to $2.92 per gallon. Michigan drivers are paying about $47 to fill a 15-gallon tank, with prices varying across regions, from $3.02 in Marquette to $3.22 in Ann Arbor. Despite overall declines, some states like Florida, Nebraska, and Indiana are experiencing price increases due to price cycling, which causes fluctuations even when wholesale costs remain stable. Nationally, the average gas price has slightly decreased to around $3.09 per gallon, down 38 cents from a year ago, while diesel prices have risen marginally. The White House has credited falling prices to its energy policies, but experts like GasBuddy's Patrick De Haan caution against overstating recent changes, noting that prices are relatively stable compared to six months ago. Overall, while many areas benefit from lower fuel costs, regional volatility persists due to market dynamics.

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