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Published 7 days ago • loading... • Updated 4 days ago
Prices at the Pumps Increasing Again
Michigan drivers are now paying an average of $4.36 per gallon for regular unleaded, a 13-cent increase from last week.
Global oil markets experienced a "wild ride" last week due to geopolitical tensions, with attacks on Ukrainian infrastructure driving refined product prices higher despite deal optimism.
Motorists are paying an average of $65 for a full 15-gallon tank of gasoline, reflecting an increase of about $14 from last August's highest price.
Adrienne Woodland, spokesperson for AAA- The Auto Club Group, said gas prices reached their highest level since May and "drivers may continue to see prices fluctuate."
Developments in the Middle East and Ukraine require close monitoring, as either front could quickly shift the current outlook for gasoline prices.