Michigan Gas Prices Surge 17 Cents Amid Rising Travel Demand
Michigan Gas Prices Surge 17 Cents Amid Rising Travel Demand

Michigan Gas Prices Surge 17 Cents Amid Rising Travel Demand

News summary

Michigan and Indiana drivers are experiencing significant increases in gas prices, with Michigan's average rising by 17 cents to $3.21 per gallon and Indiana's by 13.7 cents to $3.18 per gallon over the past week. Despite these weekly surges, prices remain lower than both a month and a year ago in both states. Regional disparities persist, with the highest prices in Michigan found in Lansing and in Indiana varying widely between stations. Nationally, gas prices also saw a modest increase, though oil prices have been declining, partly due to OPEC+'s decision to increase output and economic concerns. Experts note that while refinery maintenance has constrained price drops, expanded refinery output and increased oil supply could soon lower prices further. Motorists are advised to adopt cost-saving strategies, such as combining errands, shopping for the best prices, and leveraging rewards programs.

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