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Gas Prices Down To Start The Week

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Gas prices are slightly down around Moichigan coming off the Thanksgiving weekend. AAA tells us more:

Gas prices in Michigan decreased 3 cents compared to a week ago. Michigan drivers are now paying an average of $3.32 per gallon for regular unleaded. This price is 4 cents more than this time last month and $1.37 more than this time last year.

Motorists are paying an average of $49 for a full 15-gallon tank of gasoline; an increase of about $10 from when prices were their highest last January.

At the close of Friday’s holiday shortened trading session, WTI decreased by $10.24 to settle at $68.15. While most US oil trading desks were closed on Friday, confirmation of a new COVID variant that could lead to more overseas lockdowns and rising case totals sent fuel prices spinning downward. The sell-off is being pinned to a variant of COVID-19 that has been named Omicron by the World Health Organization.

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“While crude oil prices dropped sharply after Thanksgiving, it may not immediately lead to lower pump prices,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “If crude bounces back near $80 a barrel, then gas prices will likely remain elevated.”

Compared to last week, Metro Detroit’s average daily gas price decreased slightly. Metro Detroit’s current average is $3.36 per gallon.  This price is 1 cent less than last week’s average but still $1.37 more than this same time last year.

Click here to view AAA’s state and metro gas averages

Most expensive gas price averages: Marquette ($3.40), Ann Arbor ($3.39), Traverse City ($3.37)
Least expensive gas price averages: Grand Rapids ($3.22), Lansing ($3.27), Flint ($3.27)

Find Local Gas Prices

Daily national, state, and metro gas price averages can be found at Gasprices.aaa.com
Motorists can find the lowest gas prices on their smartphone or tablet with the free AAA Mobile app. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.