The wallets of Michigan motorists might feel a bit heavier lately, as a steady decline in gas prices has been observed throughout the state. According to The Detroit News, the average cost of regular unleaded gasoline in Michigan dropped 13 cents over the last week to $3.05 per gallon. This figure represents a decrease of 12 cents over the past month and is 21 cents lower than at the same time in 2024.
The trend appears to be statewide, with the Detroit area also witnessing a decline. As reported by CBS News Detroit, gas stations in Metro Detroit are now charging around $3.17 per gallon, which is nine cents less than the previous week. "Michigan motorists are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne Woodland, a spokesperson for AAA, explained. She further suggested that "If gas demand continues to fall, alongside increasing supply, then gas prices may drop further."
With the recent adjustments, AAA noted that the current national average price for a gallon of gasoline is $3.18, according to The Detroit News. This average has fallen slightly compared to last month's figures and is also lower compared to last year's statistics. Contributing to the positive price trend is the shift to winter-grade gasoline, which traditionally costs less to produce.
Meanwhile, changes in the market are reported by the Energy Information Administration (EIA), which noted a decrease in gasoline demand as well as an uptick in total domestic gasoline supply. Upper Michigan Source relayed that gasoline demand went down from 9.11 million barrels a day to 8.50 million. Furthermore, "Total domestic gasoline supply increased from 218.5 million barrels to 220 million," which suggests that trends in supply and demand are likely to continue influencing gas prices.
