10
November
2019
|
17:00 PM
America/Chicago

AAA: Michigan Gas Prices Jump By Eleven Cents

Shorter supplies and greater demand drive prices

DEARBORN, Mich., (November 11, 2019) - Gas prices in Michigan are increasing. The average price for gasoline jumped eleven cents last week.

Michigan drivers are now paying an average price of $2.52 per gallon for regular unleaded. Monday's state average is eleven cents more than a week ago, nine cents less than this time last month, and nine cents less than this time last year.

It now costs $37.80 to fill a 15-gallon tank of gasoline. That is $9.15 less than what drivers paid in May of 2018, when pump prices hit their 2018 peak of $3.13 per gallon.

New data from the Energy Information Administration revealed that total domestic stocks of gasoline decreased for the sixth consecutive week. At 217.2 million bbl, the current stock level is 10.8 million bbl lower than last year's level at this time. Reduced stock levels, amid robust demand, have helped to push the national gas price average higher this week.

"Reduced supply and strong demand were the driving forces behind the increased prices," said Gary Bubar, spokesperson, AAA – The Auto Club Group. "As supplies continue to fluctuate, prices at the pump will change. Demand is forecast to increase as we near the holiday season and that could lead to increased prices."

Although demand took a significant step back from the previous week's 9.78 million b/d to 9.15 million b/d – it is still approximately 50,000 b/d higher than last year's rate in early November. Since Monday, the national average for unleaded regular gasoline has increased by two cents to $2.62.

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

  • Most expensive gas price averages: Ann Arbor ($2.60), Metro Detroit ($2.54), Benton Harbor ($2.52)
  • Least expensive gas price averages: Traverse City ($2.39), Jackson and Marquette ($2.31)

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

Week Ago

Month Ago

One Year Ago

2018 Low

2018 High

Record High

National

$2.62

$2.60

$2.95

$3.03

$2.49 (1/3/2018)

$2.97 (5/26/2018)

$4.11 (7/17/2008)

Michigan

$2.52

$2.41

$2.62

$2.62

$2.42 (2/21/2018)

$3.13 (5/25/2018)

$4.26 (5/4/2011)

Detroit

$2.54

$2.49

$2.64

$2.66

$2.44 (2/27/2018)

$3.11 (5/25/2018)

$4.24 (5/4/2011)

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, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico 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 and 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.