Metro Detroit Gas Prices Rise, But They’re Still Lower Than Last Year
DETROIT (CBS Detroit) So, what’s your pain at the pump this week? The latest survey shows the average retail gasoline prices in Detroit have risen 4.9 cents per gallon in the past week, averaging $3.50 a gallon.
That’s according to GasBuddy’s daily survey of 1,734 gas outlets in Detroit. This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.57/g, according to gasoline price website GasBuddy.com.
That means the bad news is Detroit’s prices climbed while the rest of the country declined, but there is a bright spot.
Including the change in gas prices in Detroit during the past week, prices yesterday were 42.3 cents per gallon lower than the same day one year ago and are 26.8 cents per gallon lower than a month ago. The national average has decreased 10.8 cents per gallon during the last month and stands 13.0 cents per gallon lower than this day one year ago.
“Americans are now shelling out $50 million less per day than they were last year when pump prices averaged 13-cents more per gallon,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Most states are seeing their average below last year, and as summer slowly fades, gasoline prices may as well in many communities.
And there should be much more good news on the horizon, DeHaan said.
“Cooler weather typically brings relief as demand declines and discretionary travel ebbs. I expect that pump prices may drift lower over the next few days, much focus remains on the tropics,” DeHaan said.