DEARBORN, MI (WKZO AM/FM) — Average gas prices in Michigan have fallen over the past week but still remain over a dollar higher than this time last year. AAA says prices dropped four cents and are now at $3.23 per gallon on average.
This price is 12 cents more than this time last month and $1.07 more than this time last year. Motorists are paying an average of $48 for a full 15-gallon tank of gasoline; an increase of about $9 from when prices were their highest last January.
The auto-club says a drop in crude oil prices early last week is helping stabilize prices at the pump. But they say drivers in Michigan are still likely to see prices at or above $3.00 for at least the remainder of the summer season.
Crude prices tumbled to $66 per barrel due to market concerns that the spread of the COVID-19 delta variant will slow potential economic growth. However, market concern about the ongoing pandemic reversed, helping to push crude prices higher.
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