Prices At The Pump Coming Down
DETROIT (WWJ) - Just in time for summer travels: The price of gasoline is coming down. Nancy Cain of AAA Michigan says gas prices could jump a bit in the next few months, but not significantly.
"Generally July is your peak month, certainly with the July 4th holiday, and gas prices have been coming down in Michigan the last two weeks, likely to stay down, we do think that a lot of people that were on the fence about traveling may feel a lot more comfortable," says Cain.
"There is ample supply, the crude oil prices are the lowest they've been in a couple of months, the issues at the refineries have all been resolved ... all translating into lower prices at the pump," added Cain.
Monday, AAA Michigan's latest fuel gauge survey showed drivers are paying 16.5 cents less for gas this week -- the third weekly drop with prices down 56 cents in the three weeks.
The current statewide average for a gallon of gas is $3.56. That is 71 cents more than this time last year.
Some pump prices near the Redford Township, Livonia border were as low as $3.45 a gallon. The lowest prices in the state are in Lansing where prices average $3.41 a gallon.
