AAA Michigan: Statewide average gas prices up 7 cents
14 May, 2018, 18:26 | Author: Billie Castillo
Overall, the national average of gas prices has risen 15 cents per gallon during the last month.
DeHaan said there is now a 65 percent chance that the nationwide average price for fuel at the pump will top $3 a gallon this summer.
That means access to their oil fields is cut off. "The latest round of figures from the EIA shows that gasoline demand is significantly higher than this time previous year".
On the plus side, AAA says airfares are down seven percent as compared to last Memorial Day, with an average price of $168 for a round-trip flight along the top 40 domestic routes and vehicle rental prices are down 11 percent.
The autoclub says that the average price for self-serve regular unleaded gasoline was about $2.93 per gallon. "Those people affected by the higher prices at the pump, are likely cutting back on other expenses like shopping and dining out".
As of Sunday afternoon, the Colorado average was $2.72 a gallon, which is the cheapest in the Rockies region.
AAA Michigan says average gas prices statewide have risen about 7 cents in the past week.
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