July 26, 2017

AAA Michigan: Statewide average gas prices down 6 cents

05 July 2017, 12:24 | Ignacio Smith

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AAA predicts lower gas prices will cause increase in travelers for holiday weekend

"Everyone complained about a very miniscule amount of gas tax and hell the price went down when it went into effect", Eric Fine, an Ootewah motorist, posted on his Facebook page Monday. Only Oklahoma, Illinois, and Washington, D.C. saw prices increase, albeit by one cent each, while Hawaii and ME remained flat.

SC continues to register the lowest average in the nation at $1.90, followed by Alabama at $1.96, according to AAA.

AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state.

Midland Odessa- $2.10/g, down 4.5 cents per gallon from last week's $2.15/g.

Gas Buddy shows the lowest price in Kansas City is $1.84, which makes sense after Monday morning US gas prices dropped.

IN comes in fourth place with a 19 cent decrease putting the price for regular gas at two dollars and 16 cent. Prices at some stations plunge to $1.49.

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He says the price of crude, is steering the trend.

A glut of oil supplies, and only modest summertime gains in consumption, have combined to keep oil and gas prices in check over the past month and during the July 4th holiday when prices usually increase.

Consumers may be enjoying historically low gas prices, but that may soon change, analyst Dan McTeague told CNBC on Monday.

For the first time in the site's 17-year price tracking history, prices for the holiday will be lower than New Year's Day. That's a decrease of 15.4 cents per gallon during the last month and stands 4.8 cents per gallon lower than a year ago.

AAA has more than 331,000 members in Kansas.

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