AAA says motorists are paying an average of $63 for a full 15-gallon tank of gasoline; an increase of about $12 from 2021's highest price last November.
According to new data from the Energy Information Administration, gas demand decreased nationally.
Crude prices declined last week due to ongoing market concerns about crude demand as fear of a recession has increased. If economic growth stalls or declines, crude demand is likely to follow suit alongside prices. Additionally, ongoing COVID lockdowns in China have also contributed to concerns that oil demand may stumble and push prices lower.
Adrienne Woodland, spokesperson, AAA-The Auto Club Group, says quote, “After weeks of steady increases, Michigan motorists are finally seeing some relief at the pump," adding,"If demand continues to drop, as oil prices slide, drivers could see pump price increases slow and decreases grow through the week."
The most expensive gas price averages can be found in Lansing, Jackson and Saginaw, with the lowest found in Traverse City, Metro Detroit and Ann Arbor.
