Detroit

Michigan Gas Prices Rise Post-Thanksgiving; Detroit Sees Slight Drop

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Published on December 02, 2024
Michigan Gas Prices Rise Post-Thanksgiving; Detroit Sees Slight DropSource: Unsplash/ engin akyurt

Gas prices in Michigan are on the rise following the Thanksgiving weekend, with a notable increase of 7 cents per gallon. CBS News Detroit reported that the current average for regular unleaded gas is $3.08 per gallon. This figure represents an 11-cent drop from the previous month and a 4-cent decrease from the same period last year. Detroit has seen a slight decrease in prices, where motorists are now paying an average of $3.05, a cent less than last week and 12 cents lower than last year's rates.

Despite the jump in gas prices, filling up a typical 15-gallon tank in Michigan will cost drivers about $46, which, according to The Detroit News, is $12 less than the highest price noted in August 2023. In a statement obtained by various sources, Howard Hughey, AAA's Public Affairs Director, remarked, "With a record breaking number of travelers on the roadways for Thanksgiving, motorists in Michigan are now seeing higher prices at the pump." He suggested that if demand drops after the holiday, then it's possible that gas prices could follow suit.

The current landscape shows regional variations, with Jackson, Lansing, and Ann Arbor experiencing the most expensive gas prices, all averaging $3.15 per gallon. On the reverse, Traverse City boasts the least expensive prices at $3.02, followed by Detroit at $3.05 and Marquette at $3.07, as detailed by WXYZ. AAA has offered drivers tips to conserve fuel, encouraging the combination of errands to reduce driving time, shopping around for the best gas prices, paying cash to avoid credit card fees, removing excess vehicle weight, driving conservatively, and enrolling in savings programs like Shell's Fuel Rewards.

A disparate picture across the state, GasBuddy data reveals Flint pump prices at $3.08, up 15 cents per gallon from last week's $2.93, while Toledo is at $2.96, up 19 cents from the previous week's $2.77. The national average for gasoline is slightly lower than the Michigan figures, standing at $3.05, as reported by The Detroit News. Patrick De Haan, the head of petroleum analysis at GasBuddy, told the publication that while gas prices spiked in regions like the Great Lakes for the holiday, the majority of the nation saw stable or slightly lower prices. With over 100,000 stations offering gas for $2.99 or less, this trend is expected to continue through the holiday shopping season, pending the outcome of an OPEC+ meeting which could influence oil production and prices.