DEARBORN, MI (WKZO AM/FM) — Average gas prices in Michigan are continuing a slow decline, but still remain much higher than this time one year ago. The average statewide price is now $3.16 per gallon for regular unleaded, which is down two cents from a week ago and six cents lower than a month ago. But we still have prices $1.10 higher than they were at this time in 2020.
AAA says despite decreased demand after Labor Day, the impact of hurricanes and crude oil price increases could keep prices above $3.00 per gallon for the next several weeks. Last week, the national average for a gallon of regular gasoline increased two cents to $3.19, tying early August peaks and matching a 7-year-high.
Much of the rise was due to impacts from Hurricanes Ida and Nicholas on oil and refinery production. Approximately 30% of crude production in the Gulf of Mexico remains shuttered, according to the U.S. Bureau of Safety and Environmental Enforcement.
Comments