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Michigan’s gas prices fell to $2.86 avg, 10 cents lower, as supply rose and demand dropped.
Michigan’s average gas price dropped 10 cents to $2.86 per gallon, 24 cents below last year’s level, according to AAA.
Prices vary by region, with Ann Arbor at $2.96 and Traverse City at $2.54.
Demand fell to 7.83 million barrels per day, while domestic supply rose to 257 million barrels.
Crude oil inventories increased to 426.0 million barrels, still 2% below the five-year average.
WTI crude closed at $60.62 per barrel.
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Los precios del gas de Michigan cayeron a $2.86 en promedio, 10 centavos más bajos, a medida que la oferta aumentó y la demanda disminuyó.