AAA Michigan: Statewide average gas prices decline 6 cents

AAA Michigan: Statewide average gas prices decline 6 cents

The average price of a gallon of unleaded gasoline is $2.48, AAA found, up five cents from last week's survey and 19 cents higher than the $2.29 per gallon average this week previous year.

As of Monday afternoon, prices at Shell stations remained unchanged. It is not clear whether or not these price hikes have anything to do with the increase to the liquid fuel tax.

The least expensive gas price averages in Georgia were in Warner Robins at $2.27 per gallon, Catoosa-Dade-Walker at $2.28 and Rome at $2.28.

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It's also 7 percent higher than at this time past year, when prices were averaging $2.35 per gallon, a difference of 18 cents.

At the close of trading Friday, West Texas Intermediate crude oil settled at $61.44 per barrel, $1.02 higher than the previous week. Then the reality of low winter demand pushes them lower for the next month or two.

In Rhode Island, gas is four cents above the national average of $2.49, while gas prices are a penny less than the national average in MA.

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Demand for gas on the other hand, has dropped off significantly according the to Energy Information Administration leading to a larger supply of gas available. "Unfortunately, springtime is as a springboard for prices at the pump, and we may see a 40 to 50 cent jump by the summer". "Of course, this forecast could change dramatically if there are unexpected shifts in fuel supply and/or the stock market".

Prices normally rebound in the spring as demand grows and supplies tighten. The last increase was on January 1, 2018, to $3.88 per gallon.

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