14
March
2021
|
18:00 PM
America/Chicago

AAA: Michigan Gas Prices Jump 9 Cents Compared to Last Week

The Michigan state average declined slightly after setting a new 2021-high

DEARBORN, Mich., (March 15, 2021) - Gas prices in Michigan declined slightly after setting a new 2021-high of $2.82 per gallon last week. Michigan drivers are now paying an average of $2.81 per gallon for regular unleaded, 9 cents more than a week ago and the highest price seen since July of 2019. This price is 34 cents more than this time last month and 75 cents more than this time last year.

Motorists are paying an average of $42 for a full 15-gallon tank of gasoline; an increase of about $3 from when prices were their highest last January.

According to new data from the Energy Information Administration (EIA), total domestic gas stocks decreased by 11.9 million bbl to 231.6 million bbl, as demand increased from 8.15 million b/d to 8.73 million b/d, which is the highest demand measurement since the end of November 2020. At the close of Thursday's formal trading session, WTI increased by $1.58 to settle at $66.02. Market optimism about crude demand recovery continues to push crude prices higher. As vaccines continue to rollout and optimism grows, the market is likely to continue seeing higher crude prices.

"Last week, rising crude prices, tightening gas supplies, and increased gas demand continued to drive pump prices higher," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If these trends persist, Michigan drivers can expect pump prices to increase through this week."

Compared to last week, Metro Detroit's average daily gas price increased slightly. Metro Detroit's current average is $2.76 per gallon, about 1 cent more than last week's average and 66 cents more than this same time last year.

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

  • Most expensive gas price averages: Marquette ($2.89), Jackson ($2.86), Lansing ($2.85)
  • Least expensive gas price averages: Traverse City ($2.72), Ann Arbor ($2.76), Metro Detroit ($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

$2.86

$2.85

$2.77

$2.51

$2.28

$1.77 (Apr. 29)

$2.60 (Jan. 9)

$4.11 (July 2008)

Michigan

$2.81

$2.81

$2.72

$2.47

$2.06

$1.41 (Apr. 28)

$2.63 (Jan. 9)

$4.26 (May 2011)

Detroit

$2.76

$2.76

$2.75

$2.48

$2.10

$1.42 (Apr. 28)

$2.62 (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.