Michigan gas prices fall 19 cents in a week, down to average of $4.44 a gallon

Frank Witsil, Detroit Free Press
·2 min read
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Drivers saw a range of prices on gas from around $4.10 a gallon to around $4.80 a gallon on July 15, 2022, in the Royal Oak and Madison Heights area. A Citgo on Woodward Avenue and 12 Mile Road was at $4.44 a gallon for cash or debit card purchases.

Gas prices fell yet again — down 19 cents from a week ago, according to AAA — with Michigan drivers paying an average of $4.44 a gallon, a big drop from a month ago when gas was well over $5 a gallon.

"Michigan motorists have seen gas prices decrease 65 cents within the past month," Adrienne Woodland, a AAA spokeswoman, said Monday, adding that if demand remains low as supply increases, motorists "will likely see pump prices decline."

Gas is still $1.16 more than this time last year.

But one Biden senior official has predicted gas will eventually fall to about $4 a gallon nationally.

Motorists are now paying an average of $66 for a full 15-gallon tank of gasoline.

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Gas demand has increased from 8.06 million barrels a day to 8.52 million, according to new data from the Energy Information Administration. But the rate is 800,000 barrels a day lower than last year and is in line with demand in mid-July 2020, when COVID-19 kept folks from traveling.

Domestic gasoline stocks increased by 3.5 million barrels of crude oil to 228.4 million.

Compared to last week, metro Detroit’s average daily gas price also decreased. Metro Detroit’s average is $4.42 per gallon, about 25 cents less than last week’s average but still $1.14 more than this same time the previous year.

The most expensive gas price averages:

  • Marquette, $4.80,

  • Traverse City, $4.62,

  • Ann Arbor, $4.55.

Least expensive gas price averages:

  • Benton Harbor, $4.34,

  • Grand Rapids, $4.38,

  • Flint, $4.38.

Earlier this month, Amos Hochstein, special presidential coordinator for international energy affairs, said on CBS's "Face the Nation" that he expected gas prices "to come down more towards $4."

He added: "This is the fastest decline rate that we've seen against a major increase in oil prices during a war in Europe, where one of the parties in the war is the third-largest producer in the world," referring to Russia.

Contact Frank Witsil: 313-222-5022 or fwitsil@freepress.com.

This article originally appeared on Detroit Free Press: Michigan gas prices continue to fall, down 19 cents in a week