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flag Michigan gas prices hit $3.92/gallon on March 23, 2026, a one-year increase of 74 cents, driven by summer blend shifts, low stocks, and Middle East tensions.

flag Gas prices in Michigan reached an average of $3.92 per gallon by March 23, 2026, the highest since August 2023, according to AAA, with a 33-cent increase in one week and a $1.07 rise from last month. flag Prices are up 74 cents from this time last year, leading to an average $59 cost for a 15-gallon tank. flag The surge is linked to the seasonal shift to summer gasoline blends, reduced fuel stockpiles, and rising crude oil prices following U.S.-Israel military actions against Iran. flag Regional variations exist, with Ann Arbor and Marquette at $3.95, and Traverse City at $3.75. flag Economists warn broader economic impacts, including higher costs for heating, agriculture, and air travel, with potential lasting effects if oil infrastructure in the Persian Gulf remains disrupted.

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