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Going Up! Gas Prices Rise 5 Cents Over Past Week

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DEARBORN (WWJ/AP) –  As the temperature is rising a bit in metro Detroit, so is the price at the pump.

AAA Michigan says gasoline prices have risen about 5 cents during the past week to a statewide average of about $3.73 per gallon.

The auto club said Monday the average is about 4 cents per gallon less than this time last year.

According to GasBuddy.com, the cheapest price Monday morning was $3.28 a gallon, found at the Sphinx service station at Harper and Outer Drive in Detroit.  In the suburbs, the best price was $3.41 at the Speedway at W. 6 Mile Rd. and Beech Daly in Redford.

The highest price in metro Detroit Monday morning was $4.09 a gallon at the BP at Middlebelt Rd. and Wick Rd. in Romulus.

GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said this spike isn’t the end of it, either.

“The national average has unsurprisingly continued its march higher, and for the sixth consecutive week, motorists have faced rising gasoline prices,” said DeHaan.

“While the rate that gasoline prices may slow nationally this week, I don’t yet believe we’ve seen the peak in prices. Refineries are in the middle of one of their two major yearly maintenance seasons, which means as refineries wrap up their work in April, we could see restarting issues, which could bring the spikes in gasoline prices we’re nearly accustom to seeing every spring,” DeHaan said.

CLICK HERE to find the best price near you.

TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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