LANSING (WKZO) -- Just in time for the official start of summer, gasoline prices in Michigan jumped by over nine-cents a gallon. Triple A Michigan is now reporting the average price of gasoline statewide is at $2.79

The reason? No it’s not that the Fourth of July is just ahead. Fears that the European Economy might sputter have subsided, and that means the U.S. Stock market is on the rebound. The Chinese have lifted their cap on the value of the Yuan, and it all means more demand for oil, and price hikes. The lowest price in the state is in the Saginaw/Bay City area while Marquette has the highest price for gasoline.