31
January
2021
|
17:00 PM
America/Chicago

AAA: Michigan Gas Prices Rise 12 Cents

The Michigan state average is highest since February 2020

DEARBORN, Mich., (February 1, 2021) - Gas prices in Michigan are up 12 cents compared to a week ago. Michigan drivers are now paying an average of $2.39 per gallon for regular unleaded, which is the highest price seen since February of 2020. This price is 15 cents more than this time last month but still 7 cents less than this time last year.

Motorists are paying an average of $36 for a full 15-gallon tank of gasoline; a discount of $3 from when prices were their highest last January.

Pump prices have increased while gas demand declined from 8.11 million b/d to 7.83 million b/d last week, according to new data from the Energy Information Administration (EIA). Although gas demand dropped and total refinery utilization decreased from 82.5 percent to 81.7 percent, pump prices have increased moderately, signaling that expensive crude oil prices are driving the price.

At the close of Thursday's formal trading session, WTI decreased by 51 cents to settle at $52.34. EIA's new weekly report prompted crude price increases earlier last week after it showed total domestic crude inventories declined by 9.9 million bbl to 476.7 million bbl last week, which is the largest weekly decline since late July 2020. However, price gains continue to be limited by ongoing market concern that crude demand may take more time than expected to recover this year due to new coronavirus infections and associated travel restrictions.

"Sustained crude oil prices above $50 per barrel have helped push pump prices in Michigan to the highest levels since February of 2020," said Adrienne Woodland, spokesperson, AAA - The Auto Club Group. "Gas prices will likely hold steady or see moderate increases through this week."

Compared to last week, Metro Detroit's average daily gas price increased. Metro Detroit's current average is $2.39 per gallon, about 8 cents more than last week's average but still 7 cents less than this same time last year.

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

  • Most expensive gas price averages: Marquette ($2.43), Jackson ($2.41), Ann Arbor ($2.40)
  • Least expensive gas price averages: Traverse City ($2.28), Saginaw ($2.37), Lansing ($2.38)


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

$2.42

$2.42

$2.40

$2.25

$2.49

$1.77 (Apr. 29)

$2.60 (Jan. 9)

$4.11 (July 2008)

Michigan

$2.39

$2.40

$2.27

$2.24

$2.46

$1.41 (Apr. 28)

$2.63 (Jan. 9)

$4.26 (May 2011)

Detroit

$2.39

$2.40

$2.31

$2.22

$2.46

$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.