DEARBORN, Mich.,
30
October
2023
|
00:17 AM
America/Chicago

Michigan Gas Prices Drop to Lowest Since March

The Michigan state average is down 9 cents from a week ago

DEARBORN, Mich., (October 30, 2023) - Gas prices in Michigan are down 9 cents compared to last week. Michigan drivers are now paying an average of $3.31 per gallon for regular unleaded. This price is 37 cents less than this time last month and 65 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 8.94 to 8.86 million b/d. On the other hand, total domestic gasoline stocks increased slightly to 223.5 million bbl. Lower gas demand, alongside declining oil prices, has contributed to pushing pump prices down.

At the close of Wednesday’s formal trading session, WTI increased by $1.65 to settle at $85.29. The oil price rose due to concerns that the Israel-Hamas war could escalate soon as Israel appears to be preparing for ground operations. Additionally, the EIA reported that total domestic commercial crude supply increased by 1.4 million bbl to 421.1 million bbl.

"Michigan motorists continue to see lower prices at the pump as gas prices drop to the lowest since early March," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "If oil prices continue to descend, drivers can expect further price drops at the pump in the weeks ahead."

Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.36 per gallon, about 6 cents less than last week’s average and 51 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 ($3.45), Ann Arbor ($3.43), Traverse City ($3.41)
  • Least expensive gas price averages: Flint ($3.20), Grand Rapids ($3.21), Benton Harbor ($3.27)

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

$3.50 

$3.50

$3.55

$3.83

$3.76

$3.10 (Dec. 23)

$5.02 (June 14)

$5.02 (June 2022)

Michigan

$3.31 

$3.32

$3.40

$3.68

$3.96

$2.97 (Dec. 23)

$5.22 (June 11)

$5.22 (June 2022)

Detroit

$3.36 

$3.37

$3.42

$3.70

$3.87

$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.