AAA: MICHGIAN GAS PRICES AT 23-MONTH LOWS

35% of Michigan Retailers Have Gasoline Below $2 a gallon

TAMPA, Fla. (December 28, 2018) — The plunge at the pump continues this week, and now gas prices are poised to have their lowest start to the New Year since January 1, 2016.

Americans are finding gas prices below $2 a gallon at 31% of filling stations in the United States. Since mid-October, the national average has plummeted a total of 61 cents. Thursday's average price of $2.29 per gallon is the lowest since July 2017.

"Falling gas prices continue to be 'the gift that keeps giving' this holiday season," said Nancy Cain, spokesperson, AAA - The Auto Club Group. "Prices at the pump declined as AAA projected last week, largely due to weakness in the stock market and concerns about global crude oversupply. Although oil and gasoline futures have been on a rollercoaster ride this week, wholesale gas prices have held steady. Unless oil prices suddenly spike, prices at the pump should remain low through the end of the year." 

Gas prices in Michigan are at their lowest level since November 2016. Drivers are finding gas prices well below $2 a gallon at 35 percent of filling stations in Michigan. Meanwhile, only 11 percent of retailers in the state have regular unleaded listed above $2.25/g. 

Since mid-October, Michigan gas prices have plummeted an average of 95 cents. Thursday's state average price of $2.08 per gallon is 12 cents less than a week ago, and 56 cents less than this time last year.

• Gas prices are below $2/g at 35 percent of Michigan filling stations
• 89% of Michigan retailers have gasoline below $2.25/g
• Michiganders paid an average price of $2.76 per gallon at the pump in 2018
• The highest daily average price in 2018 was $3.13 per gallon on May 24

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

• Most expensive gas price averages: Marquette ($2.22), Ann Arbor ($2.16), Metro Detroit ($2.11)   
• Least expensive gas price averages: Saginaw-Bay City-Midland ($1.98), Flint ($1.99), Jackson ($2.01)  

Holiday Gas Prices at 3-year Lows

Nationwide, holiday travelers enjoyed the lowest Christmas Day gas prices in two years. However, prices at the pump in Michigan were even lower. Michigan's state average of $2.11 per gallon was the lowest daily average on Christmas Day in three years. The state average on New Year's Day should also be at a 3-year low. Thursday's average price is 61 cents less than January 1, 2018.

Gas Price Tools

• GasPrices.AAA.com - Daily national, state, and metro gas price averages
• AAA Mobile app - Free app that compares gas prices near you
• Gas Cost Calculator - Determine how much gasoline will cost on your next road trip
   

                                                              CURRENT AND PAST PRICE AVERAGES

                                                                                     Regular Unleaded Gasoline

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
AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.4 million members across the state. It is part of The Auto Club Group (ACG).  Connect with us on Facebookand LinkedIn.

About AAA - The Auto Club Group

AAA in Michigan celebrated its 100^th Anniversary - A Century of Service in 2016 and has over 1.4 million members across the state. It is part of The Auto Club Group (ACG). Connect with us on Facebook and LinkedIn.

The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.6 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.