Michigan Gas Prices Rise 12 Cents Amid Falling Crude Supplies
Michigan Gas Prices Rise 12 Cents Amid Falling Crude Supplies

Michigan Gas Prices Rise 12 Cents Amid Falling Crude Supplies

News summary

Gas prices have risen in several states, including Michigan, Ohio, Florida, and Maryland, primarily due to price cycling ahead of the transition back to winter gasoline blends. In Michigan, the average price for regular unleaded gasoline increased by 12 cents since last week to $3.17 per gallon, though prices remain lower than last month and last year. Metro Detroit saw a 2-cent increase to $3.15-$3.19 per gallon, with motorists paying around $47 for a full 15-gallon tank. Similarly, Cleveland's gas prices climbed 14.2 cents to an average of $3.06 per gallon, while Akron's prices rose 23 cents to $2.99. Nationally, the average price of gasoline slightly increased to $3.14 per gallon, with diesel prices averaging $3.66. Despite these increases, analysts expect prices to face downward pressure as the demand tapers off with cooler temperatures and the switch to cheaper winter gasoline continues, potentially pushing the national average below $3 per gallon this autumn.

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Last Updated
4 hours ago
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