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AAA: June Begins with Lower Gas Prices in Michigan

Michigan Business Network
June 3, 2024 7:00 AM


The Michigan state average is down 11 cents from last week

DEARBORN, Mich., (June 3, 2024) - Gas prices in Michigan are down 11 cents from a week ago. Michigan drivers are now paying an average of $3.55 per gallon for regular unleaded. This price is 9 cents less than this time last month and 1 cent less than this time last year.

Motorists are paying an average of $53 for a full 15-gallon tank of gasoline; a discount of about $5 from 2023's highest price last August.

According to new data from the Energy Information Administration (EIA), gas demand fell slightly from 9.31 b/d to 9.14. Meanwhile, total domestic gasoline stocks rose from 226.8 to 228.8 million bbl.

At the close of Wednesday’s formal trading session, WTI declined by 60 cents to settle at $79.23 a barrel. Prices fell despite the EIA reporting that crude oil inventories decreased by 4.2 million barrels from the previous week. At 454.7 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.

"Pump prices across Michigan are down as we enter the month of June," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "Lower gasoline demand, increasing supply, and falling oil costs could push gas prices down further."

Compared to last week, Metro Detroit’s average daily gas price decreased. Metro Detroit’s current average is $3.56 per gallon, about 7 cents less than last week’s average and the exact same price as this time last year.

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

  • Most expensive gas price averages:  Jackson ($3.65), Ann Arbor ($3.60), Marquette ($3.57)
  • Least expensive gas price averages: Benton Harbor ($3.49), Flint ($3.50), Traverse City ($3.52)

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 2023 Low 2023 High Record High
National $3.54 $3.54 $3.59 $3.67 $3.57 $3.07 (Dec. 18) $3.88 (Aug. 17) $5.02 (June 2022)
Michigan  $3.55  $3.56 $3.66 $3.64 $3.56 $2.90 (Dec. 31) $3.92 (Aug. 14) $5.22 (June 2022)
Detroit $3.56 $3.57 $3.63 $3.61 $3.56 $2.94 (Dec. 31) $3.88 (Aug. 15) $5.31 (June 2022)

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 1.5 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 with more than 14 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 60 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.

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Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.