ALPENA Mich– Gas prices in Michigan have reached a new 2022 high.
With gas prices jumping 9 cents in just the past week, Michigan drivers are now paying an average of $3.24 per gallon for regular unleaded gas. This price is 13 cents more than it was last month, and 96 cents more than it was this time last year. Triple a spokesperson Adrienne woodland says that the recent jump in gas prices is reliant on crude oil trading.
“One of the main culprits for increasing gas prices right now is higher crude oil prices. Right now they are trading at about 85 dollars a barrel. This is way up compared to early November and December. Crude oil prices are one of the main elements that helps keep pump prices elevated. ” said Woodland.
A factor in these rising crude oil prices is due to crude stock levels lowering by fifteen percent.
“Certainly if crude oil prices continue to trade at the prices they are trading at or go higher, then we can expect pump prices to follow suit.” said Woodland.
For daily, national, and metro gas price averages, visit Gasprices.aaa.com