DEARBORN, Mich.,
26
December
2023
|
07:34 AM
America/Chicago

Michigan Gas Prices Hold Steady Through Christmas

The Michigan state average is up 1 cent from last week

DEARBORN, Mich., (December 26, 2023) - Gas prices in Michigan are up 1 cent from a week ago. Michigan drivers are now paying an average of $2.96 per gallon for regular unleaded. This price is 21 cents less than this time last month and 3 cents less than this time last year.

Motorists are paying an average of $44 for a full 15-gallon tank of gasoline; a discount of about $34 from 2022's highest price last June.

According to new data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.86 to 8.75 million b/d. Meanwhile, total domestic gasoline stocks increased slightly by 2.7 million bbl to 226.7 million bbl. Robust gas demand and elevated oil prices have jolted pump prices as the US enters winter. With drivers heading to their holiday destinations, they may continue to see pump prices fluctuate slightly during this heavy travel season.

At the close of Wednesday’s formal trading session, WTI increased by 28 cents to settle at $74.22. Oil prices rose last week due to attacks on tankers in the Red Sea, leading to re-routing vessels around the Cape of Good Hope, which requires increased transportation costs. Additionally, the EIA reported that total domestic commercial crude inventories rose by nearly 3 million bbl to 443.7 million bbl.

"Despite the busy roadways and a slight spike in prices ahead of Christmas, Michigan motorists are paying similar pump prices compared to this time last week," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "With drivers heading home from their holiday destinations, we may see pump prices continue to fluctuate slightly during this heavy travel season."

Compared to last week, Metro Detroit’s average daily gas price held steady. Metro Detroit’s current average is $2.98 per gallon, about 1 cent more than last week’s average and 3 cents less than this same time last year.

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

  • Most expensive gas price averages:  Ann Arbor ($3.03), Jackson ($3.01), Marquette ($3.01)
  • Least expensive gas price averages: Grand Rapids ($2.93), Flint ($2.93), Benton Harbor ($2.93)

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

$3.12

$3.12

$3.07

$3.26

$3.10

$3.10 (Dec. 23)

$5.02 (June 14)

$5.02 (June 2022)

Michigan

 $2.96 

$2.97

$2.95

$3.17

$2.99

$2.97 (Dec. 23)

$5.22 (June 11)

$5.22 (June 2022)

Detroit

$2.98

$2.98

$2.97

$3.22

$3.01

$2.95 (Dec. 22)

$5.31 (June 15)

$5.31 (June 2022)

Click here to view current gasoline price averages

 

 

 

 

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.