Michigan gas prices down again

This marks about three weeks in a row now that Michigan gas prices have gone down. The average price of gas in Michigan as of today, September 11, 2006, is $2.457. I have noticed that gas around here in southwest Michigan is around $2.39 to $2.44 per gallon. One year ago, the price of gas in Michigan was on its way down from the all-time high of $3.205 due to Hurricane Katrina and was sitting at $2.93. One month ago we were paying almost $.61 more per gallon at $3.063 on average across the state.

How long will the decline continue? How low will it go? My answer to both of those questions is, "I don't know." I say, enjoy it while you can.

Gas price data courtesy of AAA's Fuel Gauge Report.

Michigan Gas prices week of 9/5/06

Wow! Was I wrong last week or what? I predicted that the price of gas would go up by the weekend (as it almost always does) and instead it went down. The average price of gas in Michigan as of today is $2.602. Around here in southwest Michigan the price of regular unleaded has hovered around $2.57 since the middle of last week. I heard a report that the price of a barrel of oil has dropped to $68 or less as of this morning.

Too bad the prices were so high during the summer. I am sure that Michigan's tourism industry will end up reporting a down or no-growth level in state tourism for the summer of 2006.

Gas price data courtesy of AAA's Fuel Gauge Report.

Michigan gas prices week of 8/28/06

Wow! Who would have thought that the average gas price in Michigan would drop $.31 from the end of July to the end of August? Today, the average price of gas in Michigan is down to $2.768. At the end of July we were paying $3.079 on average at the pump here in Michigan. One year ago the average price of gas in Michigan was $2.673. So, after all of the ups (and there seemed like more ups in prices than down) and downs of the last 12 months we are only paying 9.5 cents more than last year.

With that being said I have this feeling in my gut that these prices will NOT last. Labor Day weekend is coming. The last big hurrah before sending the kiddies packing for school.

My advice? Fill 'er up at the beginning of the week and top 'er off by Wednesday. The odds are that prices will go up this weekend.

According to www.MichiganGasPrices.com here are the current High and Low gas prices across Michigan. Highest Price - $3.38 - Wedge Oil & Gas - Allegan Lowest Price - $2.56 - Murphy USA - Fremont

Gas price data courtesy of AAA's Fuel Gauge Report.

Michigan gas prices week of 8/21/06

Despite all of the talk and speculation recently about if (they say definitely) and when (could be a year from now) gas will hit $4 per gallon, the average price of gas in Michigan has dropped from last week. Today's current average price of gas in Michigan is $2.88. At our local gas station they lowered their price down to $2.81 for regular unleaded yesterday afternoon. One month ago the average price of gas in Michigan was $3.047. Average Michigan gas prices a year ago were $2.705 for a gallon of regular unleaded. Kind of surprising that right now we are only averaging $.18 more per gallon than a year ago. Seems like it would be a lot more than that.

Gas price data courtesy of AAA's Fuel Gauge Report.

Michigan Gas Prices Week of 8/14/06

The average price of unleaded gas in Michigan is down to $3.016 as of today, August 14. This morning I saw prices as low as $2.88 in Portage, Michigan. One year ago we were paying $2.524 per gallon. Does it seem odd to anyone that after gas spiked last week up to $3.19 on the report of the oil leak in the Alaskan pipeline that it has since dropped about $.18 to $.30? The initial knee-jerk reaction of a possible oil supply problem has been diffused by BP stating that they can partially run their Prudhoe Bay oil field and consequently, the price of oil has dropped over $1 per barrel.

When the news of the oil leak was initially reported I asked my wife why a reputable company would want to let the whole world know about a leak. Anyone else out there wonder if BP made sure that everyone got themselves in a right little panic to drive up oil prices and help them continue to rake in their record profits?

Fuel data courtesy of AAA's Fuel Gauge Report.

Michigan Gas Prices Week of 8/7/06

Gas prices across the state of Michigan have shot up to an average of $3.119. Around southwest Michigan the average price was around $3.19 from last Thursday through Saturday. It dropped to $3.129 as of yesterday. One year ago we were paying $2.383 in Michigan on average for a gallon of regular unleaded gasoline.

Gas price data courtesy of AAA's Fuel Gauge Report.