Michigan gas prices continue downward trend similar to national average

Gas price decline reaches 9th straight week

Photo of Angela Mulka
Gas prices decline. But the Energy Information Administration's weekly report released Wednesday on the status of petroleum inventories in the U.S. showed oil and gasoline inventories are plummeting in the Midwest due to demand. 

Gas prices decline. But the Energy Information Administration's weekly report released Wednesday on the status of petroleum inventories in the U.S. showed oil and gasoline inventories are plummeting in the Midwest due to demand. 

Photo provided/SOPA Images/LightRocket/Getty Images

Average gas prices nationwide have fallen for the ninth consecutive week, dropping 9.9 cents from a week ago to $3.90 per gallon Wednesday, according to GasBuddy data covering 150,000 stations nationwide.

Michigan gas prices follow the national trend, averaging below $4 per gallon and continuing to decrease.

The average gas price in the Mitten sits at $3.92 per gallon for regular unleaded gasoline. Two days ago the price was $3.95, according to GasBuddy. 

"For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded," Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement Wednesday.

"That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes," De Haan continued. 

The Energy Information Administration's weekly report released Wednesday on the status of petroleum inventories in the U.S. showed oil and gasoline inventories are plummeting in the Midwest due to demand.

Gasoline inventories decreased by 4.6 million barrels to a total of 215.7 million barrels. At 215.7 million barrels, inventories are down 12.5 million barrels, or 5.5% lower than a year ago and are 8% below the five-year average for this time of year. 

The Midwest is down 1.3 million barrels, which will likely drive prices up for Michiganders, according to De Haan in a GasBuddy blog post

Before the report was released, the price of West Texas Intermediate crude oil was up 77 cents to $87.30 per barrel. Just after the report was released, oil was up $2.03 per barrel.

In Midland, Michigan the average gas price is $3.80.

In Manistee, Michigan the average gas price is $3.89.

In Huron, Michigan the average gas price is $3.90.

In Big Rapids, Michigan the average gas price is $3.96. 

Daily national, state and metro gas price averages are available at Gasbuddy.com.