Gas prices in Michigan are up by about 3 cents in the past week, and one analyst is warning drivers in the state of a potential 20-cent increase on Monday, June 24.
A gallon of self-serve unleaded gasoline is going for about $2.70 per gallon as of about 2 p.m. Monday. Patrick DeHaan, head of petroleum analysis at GasBuddy, sent out a warning earlier in the day that prices appeared to be rising to $2.89 per gallon Monday in the Great Lakes State.
The average cost of gas on a national scale is going for $2.65 per gallon in the latest update. This represents yet another weekly decline, as the U.S. average now sits about 20-cents cheaper than it did last month. This represents the seventh-consecutive week that average U.S. gas price has declined
As for AAA, the auto club reports that gasoline stocks in the Great Lakes and Central region saw a big increase in the past week or so.
“Utilization in the Great Lakes and Central States has not been this high since early January of this year and will likely keep any price movements moderate for the majority of the region,” AAA writes in a news release.
“Moving into this week, if tensions between the U.S. and Iran escalate, the market will likely continue pushing global crude prices higher due to increased market fears that a military standoff between Iran and the U.S. could limit global supply and access to crude."
See below for a rundown of prices from around the state as of Monday afternoon, according to AAA:
AAA Michigan gas map June 24
- Ann Arbor: $2.74
- Benton Harbor: $2.63
- Metro Detroit: $2.74
- Flint: $2.65
- Grand Rapids-Muskegon-Holland: $2.61
- Jackson: $2.59
- Lansing-East Lansing: $2.64
- Marquette: $2.74
- Saginaw-Bay City-Midland: $2.63
- Traverse City: $2.62