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Michigan gas prices drop to $2.82 avg, lowest since October, due to higher supply and lower demand.
Michigan’s average gas price dropped 14 cents to $2.82 per gallon, the lowest since October, with a 33-cent decline from last month and 13 cents below last year.
In metro Detroit, prices fell to $2.89, while Traverse City had the lowest at $2.58.
The drop follows reduced demand, rising inventories, and increased production, aided by refinery reopenings and OPEC’s output rise.
AAA expects further declines due to ongoing supply increases and lower demand.
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Los precios de la gasolina de Michigan caen a $2.82 en promedio, el nivel más bajo desde octubre, debido a una mayor oferta y menor demanda.