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flag Michigan’s gas prices dropped to $2.70/gallon on Jan. 5, 2026, the lowest since Feb. 2021.

flag Michigan’s average gas price fell to $2.70 per gallon on January 5, 2026—the lowest since February 2021—down 11 cents from the previous week and 44 cents from a year ago, according to AAA. flag A 15-gallon tank now costs about $40, saving drivers $10 compared to peak prices in August 2025. flag Prices vary regionally, with Delta County at $2.42 and Mackinac County at $3.12. flag U.S. crude oil prices rose slightly to $57.32 per barrel, but global supply remains stable despite ongoing issues in Venezuela.

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