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Michigan Gas Price Hits $4.91, up 60 Cents in One Week

By Markets Desk · · 1 min read
A fuel pump nozzle resting on a concrete forecourt
Illustration: Tradingbird

State average jumped to $4.91 per gallon due to crude oil volatility. Tax suspension proposals remain stalled in Lansing.

Key points

  • Michigan average gas price rose 60 cents to $4.91 per gallon this week.
  • Crude oil hit $100 per barrel due to unrest in the Strait of Hormuz.
  • Michigan gas tax remains 52.4 cents per gallon, ranking sixth highest nationally.

Michigan drivers face a state average gas price of $4.91 per gallon. This figure represents a 60-cent increase from last week’s average of $4.31. The surge places Michigan significantly above the national average of $4.47.

Crude oil prices have climbed back to $100 per barrel. This spike stems from continued volatility in the Strait of Hormuz. Analysts warn that diesel prices show no signs of slowing down.

Price history shows steep climb

The current average is 72 cents higher than last year’s $3.16. It is also 72 cents above the $4.19 recorded one month ago. The national all-time high remains $5.01, set in June 2022.

Tax relief faces legislative gridlock

Michigan drivers pay $0.70 in taxes per gallon. State leaders have not moved to suspend this levy. Utah, Indiana, and Georgia have already cut or paused their gas taxes.

Senator candidate Rogers urged a full suspension of state and federal taxes. He cited the recent hike from 31 to 51 cents. Lansing officials remain unmoved by these calls for immediate relief.

Drivers seek ways to save

GasBuddy data suggests using apps to find lower station prices. Driving under 50 mph can significantly improve fuel economy. Avoiding extended idling also helps reduce total fuel consumption.

Based on reporting by fox2detroit.com, compiled by the Tradingbird desk.

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