Category: News Briefs Published on Monday, 03 December 2012 10:05 Written by WWJ
DETROIT (WWJ) – Michigan motorists will find a little relief at the pump this week. According to AAA Michigan, the average price of gas has dropped 12.3 cents, and is now averaging just over $3.44 per gallon. However, the current statewide average is still up 14.9 cents over last year.
In the metro Detroit area, gas prices have fallen 7.9 cents per gallon in the past week, and were averaging $3.45 per gallon on Sunday. According to the gasoline price website DetroitGasPrices.com, including the change in gas prices in Detroit during the past week, prices on Sunday were 19.0 cents per gallon higher than the same day one year ago and are 5.5 cents per gallon higher than a month ago. The national average has decreased 11.3 cents per gallon during the last month and stands 10.0 cents per gallon higher than this day one year ago.
“While the national average continues to fall, we’ve done the math- the yearly average in 2012 is all but guaranteed to set all time record highs,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “We still stand at $3.63/gal for a yearly average, and gasoline prices would need to average no more than $2.35/gallon for every day left in 2012 for the national yearly average to drop below 2011, something that appears impossible. In the meanwhile, we have lowered our forecast for Christmas gasoline prices to average between $3.25-$3.35/gallon,” DeHaan said.
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