Low prices for gas and high costs of retrieving it from deep rock offer little incentive for major development.
Look on the bright side: The average is about 32 cents per gallon less than last year at this time.
According to GasBuddy.com, prices at the pump are up almost eight cents a gallon over the past week in Metro Detroit.
“Cooler weather typically brings relief as demand declines and discretionary travel ebbs.”
It’s a possibility, as a plan is currently emerging in the State Capitol to raise the sales tax from six to seven percent to help pay for road maintenance.
According to AAA Michigan, gas prices statewide are down by nearly 16 cents this week. GasBuddy.com, meanwhile, says average retail gasoline prices in Detroit fell 11.1 cents per gallon in the past week.
Auditors say an agency can do a better job inspecting gas station pumps to make sure consumers are getting what they pay for.
According to AAA Michigan, prices at the pump have risen about 3 cents during the past week to a statewide average of about $3.66 per gallon.
GasBuddy.com says prices are down 15 cents in the past week to an average of $3.56. That’s 11 cents lower than one year ago.
AAA Michigan says gas prices have risen about 30 cents during the past week to a statewide average of around$3.83 per gallon.