13
August
2023
|
17:00 PM
America/Chicago

AAA: Michigan Gas Prices Continue to Climb

The Michigan state average is up 15 cents compared to last week

DEARBORN, Mich., (August 14, 2023) - Gas prices in Michigan are up 15 cents from a week ago, setting a new 2023-high for the second consecutive week. Michigan drivers are now paying an average of $3.91 per gallon for regular unleaded. This price is 44 cents more than this time last month but 4 cents less than this time last year.

Motorists are paying an average of $58 for a full 15-gallon tank of gasoline; a discount of about $20 from 2022's highest price last June.

According to new data from the Energy Information Administration (EIA), gas demand jumped from 8.84 to 9.30 million b/d last week. Meanwhile, total domestic gasoline stocks decreased from 219.1 to 216.4 million bbl. Higher demand, amid tighter supply, has helped to keep pump prices elevated.

At the close of Wednesday's formal trading session, WTI increased by $1.48 to settle at $84.40. The price of oil has not been this high since mid-April 2023. Prices have increased amid market optimism that oil demand will be more robust than expected during this half of 2023 and into 2024. According to the Organization of the Petroleum Exporting Countries (OPEC), world oil demand is expected to rise by 2.25 million barrels per day (bpd) in 2024, compared with growth of 2.44 million bpd in 2023. Additionally, the EIA reported that total domestic commercial crude inventories increased from 439.8 to 445.6 million bbl.

"Gas prices across Michigan continue to rise, reaching another milestone for high prices this year," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If gas demand remains high, alongside increasing oil prices, drivers should brace for increases in pump prices."

Compared to last week, Metro Detroit's average daily gas price increased. Metro Detroit's current average is $3.87 per gallon, which is a new 2023-high. This price is about 11 cents more than last week's average but still 10 cents less than this same time last year.

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

  • Most expensive gas price averages: Jackson ($3.97), Marquette ($3.96), Traverse City ($3.96)
  • Least expensive gas price averages: Metro Detroit ($3.87), Benton Harbor ($3.87), Ann Arbor ($3.93)


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.

Ways to Save on Gasoline

  • Combine errands to limit driving time.
  • Shop around for the best gas prices in your community.
  • Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
  • Remove excess weight in your vehicle.
  • Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
  • Enroll in savings programs. AAA Members who enroll in Shell's Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.


CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

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Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2022 Low

2022 High

Record High

National

$3.85

$3.85

$3.83

$3.56

$3.97

$3.10 (Dec. 23)

$5.02 (June 14)

$5.02 (June 2022)

Michigan

$3.91

$3.90

$3.76

$3.49

$3.95

$2.97 (Dec. 23)

$5.22 (June 11)

$5.22 (June 2022)

Detroit

$3.87

$3.86

$3.76

$3.54

$3.97

$2.95 (Dec. 22)

$5.31 (June 15)

$5.31 (June 2022)

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 13 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 62 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.