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AAA: Michigan Gas Prices Decline Slightly

Michigan Business Network
October 18, 2021 7:00 AM

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The Michigan state average is down 2 cents compared to a week ago

DEARBORN, Mich., (October 18, 2021) - Gas prices in Michigan are down 2 cents compared to last week. Michigan drivers are now paying an average of $3.31 per gallon for regular unleaded. This price is 15 cents more than this time last month and $1.31 more than this time last year.

Motorists are paying an average of $49 for a full 15-gallon tank of gasoline; an increase of about $10 from when prices were their highest last January.

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 2 million bbl to 223.1 million bbl. Gasoline demand also fell from 9.43 million b/d to 9.19 million b/d. Typically, lower demand alongside a decline in stocks would result in downward market pressure on pump prices. But high crude prices (above $80 per barrel) remain the main culprit for rising pump prices.

At the close of Thursday’s formal trading session, WTI increased by 87 cents to settle at $81.31. Crude prices maintained gains despite the EIA reporting that total domestic crude inventories increased by 6.1 million bbl to 427 million bbl last week. Last week’s storage level is nearly 13 percent lower than the level at this same time last year. Given supply concerns, the market continues to bolster prices higher because of tight supply.

“Despite a decrease in demand, high crude prices above $80 a barrel continue to keep pump prices elevated,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. 

Compared to last week, Metro Detroit’s average daily gas price increased slightly. Metro Detroit’s current average is $3.31 per gallon.  This price is 2 cents more than last week’s average and $1.20 more than this same time last year.

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

  • Most expensive gas price averages: Marquette ($3.37), Saginaw ($3.34), Lansing ($3.34)
  • Least expensive gas price averages: Ann Arbor ($3.28), Jackson ($3.28), Flint ($3.30)

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.


                            CURRENT AND PAST PRICE AVERAGES

                                       Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago 2020 Low 2020 High Record High
National $3.32 $3.31 $3.27 $3.19 $2.17 $1.77 (Apr. 29) $2.60 (Jan. 9) $4.11 (July 2008)
Michigan $3.31 $3.31 $3.33 $3.16 $2.07 $1.41 (Apr. 28) $2.63 (Jan. 9) $4.26 (May 2011)
Detroit  $3.31  $3.30 $3.29 $3.26 $2.11 $1.42 (Apr. 28) $2.61 (Jan. 9) $4.24 (May 2011)
Click here to view current gasoline price averages

 

 

 

 

 

 

 

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 1.5 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.