Michigan Gas Prices Drop Slightly

DEARBORN, Mich., (February 19, 2024) - Gas prices in Michigan dropped 5 cents from last week. Michigan drivers are now paying an average of $3.21 per gallon for regular unleaded. This price is 17 cents more than this time last month but still 6 cents less than this time last year.

Motorists are paying an average of $48 for a full 15-gallon tank of gasoline; a discount of about $10 from 2023's highest price last August.

According to new data from the Energy Information Administration (EIA), gas demand decreased from 8.81 to 8.17 million b/d. Total domestic gasoline stocks declined by 3.7 million bbl to 247.3 million bbl.

At the close of Wednesday’s formal trading session, WTI decreased by $1.23 to settle at $76.64. Oil prices dropped after the EIA reported that total domestic commercial crude stocks increased significantly by 12 million bbl to 439.4 million bbl. The sharp increase in supply signals that oil demand could be loosening, which may also put downward pressure on prices.

"Michigan gas prices have backed off slightly from the 2024-high set last week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If demand drops further, gas prices could continue to decline through this week."

Compared to last week, Metro Detroit’s average daily gas price decreased slightly. Metro Detroit’s current average is $3.24 per gallon, about 2 cents less than last week’s average and 11 cents less than this same time last year.

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

• Most expensive gas price averages:  Jackson ($3.25), Metro Detroit ($3.24), Ann Arbor ($3.24)
• Least expensive gas price averages: Traverse City ($3.12), Flint ($3.16), Saginaw ($3.16)

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	2023 Low	2023 High	Record High
National	$3.28	$3.28	$3.19	$3.09	$3.42	$3.07 (Dec. 18)	$3.88 (Aug. 17)	$5.02 (June 2022)
Michigan	$3.21	$3.21	$3.26	$3.04	$3.27	$2.90 (Dec. 31)	$3.92 (Aug. 14)	$5.22 (June 2022)
Detroit	$3.24	$3.25	$3.26	$3.03	$3.35	$2.94 (Dec. 31)	$3.88 (Aug. 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.