Overview
- AAA reports Michigan’s average price for regular unleaded climbed 8 cents from last week to $4.23 per gallon.
- Metro Detroit’s average rose 13 cents to $4.22 per gallon, about $1.01 higher than a year ago.
- EIA weekly data show gasoline inventories ticked up from 210.5 million to 211.3 million barrels while demand rose from 8.84 to 8.94 million barrels per day and production averaged 9.7 million barrels per day, a mix of factors that helped push retail prices higher.
- Local variation persists with the highest averages in Ann Arbor ($4.30), Benton Harbor ($4.27) and Lansing ($4.26), and the lowest in Traverse City ($4.08), Marquette ($4.12) and Grand Rapids ($4.21); a 15-gallon tank now costs about $63 on average.
- Prices briefly fell below $4 earlier in July, and the recent rebound underscores how small swings in crude, refinery output and seasonal driving can quickly change what motorists pay at the pump.