(CBS DETROIT) — Although Michigan gas prices have reached $5, Patrick De Haan of GasBuddy says they may soon fall below that.
On Friday, the state’s average gas price is $5.19 a gallon, which is 2 cents less than a week ago.READ MORE: COVID-19 Vaccines Saved Nearly 20 Million Lives In First Year, Study Says
The national average sits at exactly $5, according to AAA.READ MORE: Michigan Ballot Initiative Aims To Protect Abortion Rights
“No one should be in a rush to fill their gas tank- prices in most areas of the US will be coming down in the days and weeks ahead (things could shift, so stay tuned), but we could drop back to a national average of $4.75-$4.85/gal by July 4 if nothing changes,” De Haan said in a tweet.
According to AAA, the demand for gasoline slightly declined from 9.2 million barrels to 9.09 million barrels. Officials say the demand for gas helped to limit pump price increases; however “as crude oil prices remain volatile, the price per gallon for gasoline will likely remain elevated.”MORE NEWS: AG Nessel Says Abortions Are Still Legal In Michigan
© 2022 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.