14
May
2023
|
17:01 PM
America/Chicago

AAA: Michigan Gas Prices Decline Slightly

The Michigan state average is down 4 cents from a week ago

DEARBORN, Mich., (May 15, 2023) - Gas prices in Michigan dropped 4 cents compared to last week. Michigan drivers are now paying an average of $3.34 per gallon for regular unleaded. This price is 37 cents less than this time last month and $1.02 less than this time last year.

Motorists are paying an average of $50 for a full 15-gallon tank of gasoline; a discount of about $28 from 2022's highest price last June.

According to new data from the Energy Information Administration (EIA), gas demand grew substantially from 8.62 to 9.30 million b/d. The spike is higher than some market observers expected; the estimate could be revised when EIA releases final demand measurements for May. Meanwhile, total domestic gasoline stocks decreased by 3.2 million bbl to 219.7 million bbl. Higher demand and a reduction in stocks have slowed pump price decreases.

At the close of Wednesday's formal trading session, WTI decreased by $1.15 to settle at $72.56. Oil prices declined amid ongoing market uncertainty regarding stalled U.S. debt ceiling negotiations. The market is concerned that if the debt limit is breached, it could contribute to the economy tipping into a recession. If a recession occurs, crude demand and prices would likely decline. Additionally, the EIA reported that total domestic commercial crude inventories increased by 3 million bbl to 462.6 million bbl.

"An increase in demand would typically lead to higher gas prices, however low crude oil prices have helped Michigan motorists see some stability at the pump," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand continues to grow, alongside tighter gasoline stocks, the downward trend in pump prices could slow."

Compared to last week, Metro Detroit's average daily gas price decreased slightly. Metro Detroit's current average is $3.37 per gallon, about 2 cents less than last week's average and $1.04 less than this same time last year.

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

  • Most expensive gas price averages: Traverse City ($3.61), Marquette ($3.51), Jackson ($3.44)
  • Least expensive gas price averages: Grand Rapids ($3.26), Flint ($3.28), Lansing ($3.29)


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

Sunday

Saturday

Week Ago

Month Ago

One Year Ago

2022 Low

2022 High

Record High

National

$3.53

$3.54

$3.54

$3.66

$4.45

$3.10 (Dec. 23)

$5.02 (June 14)

$5.02 (June 2022)

Michigan

$3.34

$3.35

$3.38

$3.71

$4.36

$2.97 (Dec. 23)

$5.22 (June 11)

$5.22 (June 2022)

Detroit

$3.37

$3.37

$3.39

$3.66

$4.41

$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.