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Over the past week, gasoline prices in Michigan have fluctuated between $ 2.30 and $ 2.40 a gallon, while the national average has jumped nearly 10 cents.
Patrick DeHaan, Petroleum Analysis Manager at GasBuddy, reports that this is the biggest weekly jump in the US in 2019. The national average has slightly decreased at the beginning of the week, but it remains about 6 cents higher than that. she was this week.
"Gasoline prices experienced their strongest weekly rise in 2019, with the national average now at its highest level since mid-December, as oil prices continue to rise, while these increases are consistent with expectations, which does not make them easier to digest. DeHaan said in a press release.
"Unfortunately, we are likely to see a continuation of the March rally in March and even April, as seasonal trends take off, but there is a bit of light at the end of the tunnel. Average gasoline prices are expected to remain below last year's levels and the annual spring increase we see at gas pumps will probably not be as bad as we've seen in recent years. "
AAA adds that prices in the Great Lakes and Central region cost 4 to 16 cents more expensive week after week due to refinery maintenance and inventory tightening.
In its report on Thursday, February 21, the Energy Information Administration reported that domestic crude oil production was 12 million barrels a day, a weekly estimate never seen by the AAA. The car club explains that the federal agency has recorded weekly estimates of this type since 1983 and that its rough export rate (3.6 million barrels per day) is also the highest recorded since 1991.
"Motorists are seeing more expensive gasoline prices because of persistent refinery problems associated with crude oil prices reaching their highest level since the beginning of the year due to tightening global inventories of crude, "said Jeanette Casselano, AAA spokeswoman, in a statement
"The stocks will likely continue to tighten and keep gasoline prices up until the end of the month."
GasBuddy reports in its statement that the most common price in the US is up to $ 2.29 a gallon, up from $ 2.19 last week. There were 11,000 stations across the country selling gasoline with less than $ 2 a gallon on Feb. 18, but only 4,246 on Friday, Feb. 22.
"Gasoline prices are likely to rise again in the coming week in most regions, under pressure from oil prices and seasonal factors, including maintenance and a switch to cleaner gasoline, This will reduce the number of refiners who buy fuel that meets winter specifications, "says GasBuddy.
The fuel tracking website shows that Clio is the cheapest petrol in Michigan: $ 1.97, $ 1.99 (cash only) in Highland and $ 2.02 per gallon at Sturgis.
Since the last update at 13:45. On Monday, the Michigan average is estimated at $ 2.40 per gallon. This figure means that gas prices in the State of the Great Lakes have jumped more than 20 cents in the past month alone.
See below for a full summary of the average prices of gasoline in the state:
- Ann Arbor: $ 2.42
- Benton Harbor: $ 2.45
- Metro Detroit: $ 2.41
- Flint: $ 2.38
- Grand Rapids-Muskegon-Holland: $ 2.43
- Jackson: $ 2.46
- Lansing-East Lansing: $ 2.40
- Marquette: $ 2.46
- Saginaw-Bay City-Midland: $ 2.45
- Traverse City: $ 2.30
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