Michigan Gas Prices Jump 32 Cents, Largest Increase in Nation
AAA said the increase reflects tighter supply and volatile crude markets, with drivers paying about $1.26 more per gallon than a year ago.
- On Monday, AAA-The Auto Club Group reported Michigan gasoline prices surged 28 cents in one week to an average of $4.31 per gallon, marking the largest hike of any state.
- Escalating global geopolitical tensions—friction with Iran, Red Sea hostilities, and Saudi Arabia's East-West pipeline shutdown—pushed Brent crude to $108 a barrel, according to GasBuddy head of petroleum analysis Patrick De Haan.
- Neighboring Indiana posts the nation's lowest average at $3.59 per gallon, $0.72 less than Michigan's, due to temporary suspension of its 7% Gasoline Use Tax and 36-cent Gasoline Excise Tax.
- Americans have collectively spent $109.2 billion more on gasoline and diesel since March 1 compared to the same period last year, with daily spending increasing by about $730 million.
- De Haan warned that further price spikes remain possible in the Great Lakes region, though costs could decline as refineries shift to winter gasoline, which is generally cheaper to produce.
26 Articles
26 Articles
Michigan Sees One of Nation’s Biggest Gas Price Jumps Amid Refinery, Global Supply Strains
Detroit, Michigan — Michigan motorists are paying substantially more at the pump after the statewide average for regular gasoline jumped about 28 cents in one week to roughly $4.31 per gallon, according to AAA. AAA data show Michigan’s average regular price at $4.3165 on Monday, up from $4.0273 a week earlier and $3.0519 one year ago. That means drivers are paying about $1.26 more per gallon than at the same point last year. Mid-grade gasoline a…
Michigan gas prices jump 32 cents, largest increase in nation - The Daily Bo Snerdley
(The Center Square) – Michigan gas prices saw the largest increase of any state over the past week, rising by 32 cents per gallon. This is according to Patrick De Haan, head of petroleum analysis at GasBuddy. “We saw some of the largest weekly increases in gasoline and diesel prices in months in the last week,” De Haan said in an early Monday morning analysis. This comes as refinery issues, foreign wars, and pipeline outages affect both the gl…
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