DEARBORN, Mich.,
20
November
2023
|
14:29 PM
America/Chicago

Michigan Gas Prices Drop Ahead of Thanksgiving

The Michigan state average is down 10 cents from last week

DEARBORN, Mich., (November 20, 2023) - Gas prices in Michigan are down 10 cents from a week ago. Michigan drivers are now paying an average of $3.27 per gallon for regular unleaded. This price is 15 cents less than this time last month and 57 cents less than this time last year.

Motorists are paying an average of $49 for a full 15-gallon tank of gasoline; a discount of about $29 from 2022's highest price last June.

According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.49 to 8.95 million b/d. The EIA’s estimate for demand is unusually high for early November, but when the EIA releases monthly demand data in a few weeks, it could revise it lower. Meanwhile, total domestic gasoline stocks decreased by 1.5 million bbl to 215.7 million bbl. Lower gas demand, alongside declining oil prices, has contributed to pushing pump prices down. With more than 1.5 million Michigan residents expected to take a road trip this Thanksgiving, drivers will be faced with busy roadways and lower gas prices.

At the close of Wednesday’s formal trading session, WTI decreased by $1.60 to settle at $76.66. Oil prices fell due to reduced market concerns that the conflict in the Middle East will escalate, which could lead to a reduction in regional oil production and higher prices. Additionally, the EIA reported that total domestic commercial crude inventories increased by 3.6 million bbl to 439.4 million bbl.

"Michigan motorists are seeing lower pump prices ahead of Thanksgiving," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If gas demand and the cost of oil remain low, drivers could see gas prices continue to fall heading into the holiday."

Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.31 per gallon, about 8 cents less than last week’s average and 38 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 ($3.39), Jackson ($3.36), Ann Arbor ($3.34)
  • Least expensive gas price averages: Grand Rapids ($3.19), Benton Harbor ($3.21), Flint ($3.24)

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

 $3.31

$3.32

$3.37

$3.57

$3.68

$3.10 (Dec. 23)

$5.02 (June 14)

$5.02 (June 2022)

Michigan

 $3.27

$3.28

$3.37

$3.42

$3.84

$2.97 (Dec. 23)

$5.22 (June 11)

$5.22 (June 2022)

Detroit

 $3.31

$3.33

$3.39

$3.42

$3.69

$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

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 64 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.