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AAA: Michigan Gas Prices Spike as 2020 Comes to a Close

Michigan Business Network
December 28, 2020 7:00 AM

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The Michigan state average is up 13 cents compared to last week

DEARBORN, Mich., (December 28, 2020) - Gas prices in Michigan are up 13 cents compared to last week, a sharp increase to closeout the final week of 2020. Michigan drivers are now paying an average price of $2.27 per gallon for regular unleaded. This price is 31 cents more than this time last month but still 23 cents less than this time last year.

Motorists are paying an average of $34 for a full 15-gallon tank of gasoline; a discount of $10 from when prices were their highest last July.

Last week, the Energy Information Administration data showed U.S. gasoline supply levels at 238.7 million bbls, which is 1.6 million bbls more than a year ago. While a healthy supply, the year-over-year surplus has been much greater through the last nine months. This fact combined with low utilization rates, which are down 11%, indicates supply could tighten in weeks ahead especially with refinery consolidations in the northwest and maintenance in the upper Midwest. However, demand still remains at an extremely low level. AAA believes this factor will impact gas prices, pushing them cheaper in January.

“The recent gas price pump spikes are a bit surprising given December demand numbers are the lowest posted for the month since 1999,” said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. “The increases are likely to be short-lived, especially as holiday road travel is expected to see at least a 25% decline.”

Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $2.24 per gallon, 11 cents more than last week’s average but still 30 cents less than this time last year.

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

  • Most expensive gas price averages: Lansing ($2.32), Jackson ($2.32), Grand Rapids ($2.31) 
  • Least expensive gas price averages:  Traverse City ($2.13), Metro Detroit ($2.24), Ann Arbor ($2.26)


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 2019 Low 2019 High Record High
National  $2.25 $2.26 $2.22 $2.12 $2.56 $2.23 (Jan. 9) $2.90 (May 3) $4.11 (July 2008)
Michigan  $2.27 $2.28 $2.14 $1.96 $2.50 $2.02 (Jan. 2) $2.95 (July 13) $4.26 (May 2011)
Detroit  $2.24 $2.23 $2.13 $1.99 $2.54 $2.03 (Jan. 9) $2.95 (July 13) $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.

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