28
February
2021
|
17:00 PM
America/Chicago

AAA: March Brings Higher Gas Prices to Michigan

The Michigan state average is up 12 cents compared to last week

DEARBORN, Mich., (March 1, 2021) - Gas prices in Michigan are up 12 cents compared to a week ago. Michigan drivers are now paying an average of $2.76 per gallon for regular unleaded, which is the highest price seen since September of 2019. This price is 35 cents more than this time last month and 36 cents more than this time last year.

Motorists are paying an average of $41 for a full 15-gallon tank of gasoline; an increase of about $1 from when prices were their highest last January.

The national average continues to increase as crude prices march higher. Gas prices have also increased from longer-than-expected refinery outages due to the winter storm that impacted the Gulf Coast. As refineries restart and resume normal operations, supply is expected to increase in impacted areas and should bring stability to pump prices. Until then, most drivers should expect pump prices to continue increasing through the weekend.

At the close of Thursday's formal trading session, WTI increased by 31 cents to settle at $63.52 — the highest settlement price since May 2019. Crude prices increased last week due to growing market optimism that as vaccines become more available, crude demand will recover. Prices continue to increase despite the Energy Information Administration's new weekly report revealing that total domestic crude inventories increased by 1.3 million bbl, bringing the supply level to 463 million bbl.

"Michigan drivers have seen gas prices steadily increase over the past few weeks due to rising crude oil prices," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "With Midwest refineries beginning the switch to the more expensive summer-blend gasoline and the Gulf Coast refinery outages still having an impact, motorists could continue to see higher pump prices through the week."

Compared to last week, Metro Detroit's average daily gas price increased. Metro Detroit's current average is $2.75 per gallon, about 11 cents more than last week's average and 32 cents more than this same time last year.

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

  • Most expensive gas price averages: Saginaw ($2.78), Grand Rapids ($2.77), Lansing ($2.77)
  • Least expensive gas price averages: Traverse City ($2.56), Metro Detroit ($2.75), Marquette ($2.76)


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.


CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2020 Low

2020 High

Record High

National

$2.72

$2.71

$2.63

$2.42

$2.46

$1.77 (Apr. 29)

$2.60 (Jan. 9)

$4.11 (July 2008)

Michigan

$2.76

$2.76

$2.64

$2.41

$2.40

$1.41 (Apr. 28)

$2.63 (Jan. 9)

$4.26 (May 2011)

Detroit

$2.75

$2.75

$2.64

$2.40

$2.43

$1.42 (Apr. 28)

$2.61 (Jan. 9)

$4.24 (May 2011)

Click here to view current gasoline price averages

Gas Price Survey Methodology
Every day up to 130,000 stations in the nation and more than 4,200 stations in Michigan are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

AAA updates fuel price averages daily at www.GasPrices.AAA.com.

About AAA - The Auto Club Group
AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.5 million members across the state. It is part of The Auto Club Group (ACG). Connect with us on Facebook and LinkedIn.

The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada. AAA's mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.