AAA: Price of Gas On The Rise Due To Russia-Ukraine Crisis
Michigan is getting hit at the gas pump following the Russian invasion of Ukraine. AAA Michigan says pump prices have already jumped 8 cents from yesterday afternoon.
Michigan is already getting hit at the gas pump following the Russian invasion of Ukraine. AAA Michigan says pump prices have already jumped 8 cents from yesterday afternoon.
“The oil markets yesterday saw a very volatile day.”
That’s Adrienne Woodland, spokesperson for AAA in Michigan. She says the volatility started with crude prices.
“We saw crude oil selling for 100 dollars a barrel before it settled down to about 92.81 cents at the close of the session.”
Woodland says Michigan is now seeing a jump in prices at the pump due to Russian-Ukraine conflict.
“Yesterday in Michigan, Michigan’s average gas price was 3.36 a gallon for regular unleaded, today it’s already up to 3.44 per gallon. So, we’ve already seen an eight-cent jump on pump prices since yesterday.”
And according to Woodland, it may not stop there… as the Russia invasion is not the only thing that my impact pump prices.
There are always other factors to crude oil. Crude oil has been pushing prices up as well as we move in to spring, we will see higher pump prices as we switch from winter gas to spring blend. Several factors for motorists seeing higher prices at the pump.”
Michigan of course not the only one seeing high gas prices. As of midday Friday AAA reported gas prices in California averaging 4.79, with national average set at 3.57 with the expectation they may continue to rise.