26
January
2020
|
17:00 PM
America/Chicago

AAA: Michigan Gas Prices Continue to Fall

The Michigan state average is down 8 cents compared to last week

DEARBORN, Mich., (January 27, 2020) - Gas prices in Michigan are down 8 cents compared to a week ago. Michigan drivers are now paying an average of $2.40 per gallon for regular unleaded. This price is 6 cents less than this time last month and 23 cents more than this time last year.

Motorists are paying an average of $36 for a full 15-gallon tank of gasoline; a discount of $8 from when prices were their highest last July.

In its latest weekly report, the Energy Information Administration (EIA) revealed that total domestic stocks of gasoline continue to grow. According to EIA's data, stocks grew by 1.7 million bbl last week, bringing the current total to 260 million bbl. The current level is in line with the level seen in mid-January 2019. For gasoline demand, EIA estimates that it grew slightly from 8.56 million b/d to 8.66 million b/d last week, but the current demand level is lower than last year's 8.87 million b/d at this same time.

"Increase stocks and low demand have helped push pump prices lower," said Howard Hughey, spokesperson, AAA - The Auto Club Group. "As these trends continue, motorists will likely see pump prices decline through the week."

Compared to last week, Metro Detroit's average daily gas price decreased. Metro Detroit's current average is $2.47 per gallon, about 5 cents less than last week's average and about 34 cents more than this same time last year.

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

  • Most expensive gas price averages: Ann Arbor ($2.49), Metro Detroit ($2.47), Marquette ($2.43)
  • Least expensive gas price averages: Saginaw ($2.29), Grand Rapids ($2.30), Traverse City ($2.32)


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

2019 Low

2019 High

Record High

National

$2.52

$2.53

$2.55

$2.55

$2.27

$2.23 (Jan. 9)

$2.90 (May 3)

$4.11 (July 2008)

Michigan

$2.40

$2.41

$2.48

$2.46

$2.17

$2.02 (Jan. 2)

$2.95 (July 13)

$4.26 (May 2011)

Detroit

$2.47

$2.47

$2.52

$2.52

$2.13

$2.03 (Jan. 9)

$2.95 (July 13)

$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 1.4 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. ACG and its affiliates provide membership, insurance, banking, financial services, and travel offerings to over 13.5 million members across 13 U.S. states, the province of Quebec and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Carolina, North Dakota, Tennessee, Wisconsin, Puerto Rico, South Carolina and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.