Gas Prices Continue Downward Trend
DETROIT (WWJ) – Motorists are getting more relief at the gas pump this week. AAA Michigan reports that, statewide, the average price of gas has fallen 8.9 cents per gallon, and is now averaging just over $3.14 per gallon. That’s 11.9 cents less than this same time last year.
In Metro Detroit, the average price for self-serve gas fell 4.9 cents over the past week, with the average at $3.148 per gallon.
Following are the current averages at the pump in major metropolitan areas throughout Michigan:
AAA surveys 2,800 Michigan gas stations daily.
Gas Buddy.com, meanwhile, also conducts surveys of gas prices. The popular gasoline website also has found that gas prices are down in Michigan.
“Another downward trend in gasoline prices has emerged as motorists hit the roads in the last full week before Christmas,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
“Historically, this is about the time of year that gasoline prices hit their yearly lows, but this time around, I have more optimism that prices may move even lower in the next few weeks. As we finish our 2014 forecast at GasBuddy in the near future, we can say that 2014 does offer some relief compared to what we’ll end up seeing in terms of average in 2013, but for the time being, the next week looks to see a continued drop in gasoline prices,” DeHaan said.