DEARBORN, MI (WKZO AM/FM) — Average gas prices in Michigan fell six cents during the past week, but prices at the pump remain high. Drivers are now paying an average of $3.19 per gallon for regular unleaded. This price is six cents less than this time last month but still $1.01 more than this time last year.
“If demand continues to soften and supply builds throughout this month, pump prices may continue to decline ahead of Labor Day weekend,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group.
Crude prices dropped last week due to market concerns that crude demand will decline due to surging COVID-19 infection rates across the globe. Price decreases have occurred despite EIA’s latest report showing that total domestic crude stocks also decreased.
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