Gas prices in Michigan reached $4.04 over the weekend, according to a recent AAA report. PUBLISHED: May 2, 2022 at 8:17 a.m. | UPDATED: May 2, 2022 at 8:04 p.m. We surpassed the $4 mark. Gas prices in Michigan are up 10 cents compared to a week ago, according to AAA report.
When was the highest gas prices in Michigan?
On June 11, 2022, Michigan’s average price for a gallon of gasoline was $5.223. Metro Detroit’s average reached $5.293. That is the highest recorded average price in Michigan’s history.
What was the highest gas price in Michigan in 2008?
$4.11
According to AAA, the current average price for a gallon of gas in Michigan is $4.58. That shatters the Memorial Day record high gas price of $4.11 set back in 2008.
What were gas prices a year ago in Michigan?
According to AAA Michigan regular unleaded gasoline data, Michigan’s average price per gallon a month ago was $2.24, while a week ago the state average was $2.27 a gallon. One year ago, Michigan’s average price per gallon was $2.46, while the lowest average price in 2020 was in late April at $1.41 per gallon.
How much was gas in Michigan 2008?
| Year | Jan | May |
|---|---|---|
| 2008 | 2.357 | 3.202 |
| 2009 | 1.308 | 1.817 |
| 2010 | 2.039 | 2.124 |
| 2011 | 2.443 | 3.275 |
What were gas prices in Michigan in 2012?
LANSING, MI — Michigan’s gas price averaged $3.69 per gallon last year, setting a new annual record for the state. The 2012 average came in 10 cents higher than 2011 and 89 cents more than 2010, according to Dearborn-based auto club AAA Michigan.
Why were gas prices so high in 2008?
In June 2008 U.S. energy secretary Samuel Bodman said that insufficient oil production, not financial speculation, was driving rising crude prices. He said that oil production had not kept pace with growing demand.
How much was gas in 2019 Michigan?
AAA: MICHIGAN GAS PRICES SET A NEW 2019-HIGH
| Sunday | One Year Ago | |
|---|---|---|
| National | $2.48 | $2.53 |
| Michigan | $2.52 | $2.59 |
| Detroit | $2.52 | $2.56 |
| Click here to view current gasoline price averages |
What’s the highest gas price ever recorded?
Prior to 2022, the highest ever average recorded by AAA was $4.114 per gallon in July 2008. Average U.S. gas prices soared to a record high of $4.33 in March shortly after Russia invaded Ukraine, which caused crude oil prices to surge and threatened global supply.
What year was gas prices the highest?
What is the highest priced gas in history? The highest average gas price was $3.64 in 2012, which is 167% more expensive than a decade earlier. What year did gas go over one dollar? The average price of gas first went over $1 a gallon in 1980, when it went from $0.86 per gallon to $1.19 per gallon.
What were gas prices in Michigan in November 2020?
Gasoline prices averaged $1.982 per gallon in the Detroit-Warren-Dearborn area in November 2020, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that area gasoline prices were 55.9 cents lower than a year ago in November when they averaged $2.541 per gallon.
How much was gas in 2000 Michigan?
At a price of $1.20 per gallon, Federal and Michigan taxes would be virtually identical to those at $2.00 a gallon (43.1 cents compared with 47.6 cents).
How low did gas prices get in 2020 Michigan?
DEARBORN, Mich., (April 13, 2020) – Gas prices in Michigan dropped 9 cents compared to a week ago. Michigan drivers are now paying an average of $1.53 per gallon for regular unleaded, which is the lowest price seen since February of 2016.
What was the highest gas prices in 2008?
According to travel website AAA, the current national average price of regular unleaded is $4.72 per gallon. Back in the summer of 2008, right before the financial crisis sent the economy into a deep recession, prices peaked at $4.11.
When did gas prices spike in 2008?
June 9, 2008—Retail gas prices rise above $4 per gallon. June 15, 2008—Speculators continue to push the price of crude oil. Consumers begin to literally run out of gas attempting to stretch their dollar.
Why did gas prices go up in 2005?
2005. Gas costs surged in 2005—as much at one point as 20 cents in a period of just three weeks—and crude oil prices continued to increase as well. In August, crude oil hit $67 a barrel, instigating concern over whether the world’s oil supply would be able to keep up with an ever-growing demand for fuel.
What was the average gas price in Michigan in 2015?
$2.37
According to GasBuddy’s historical data, gas prices on March 5 in Michigan have ranged widely over the last five years, averaging $2.41 in 2017, $1.91 in 2016, $2.37 in 2015, $3.65 in 2014 and $3.79 in 2013.
Why was gas high 2012?
2012. In February, concerns about potential military action against Iran—by either Israel or the U.S.—caused high oil prices. At the same time, some U.S. oil refineries were closing. 9 Additionally, oil and gas prices tend to rise every spring, in anticipation of increased demand during the summer.
How much was gas in 2009?
Supporting Information
| Year | Retail Gasoline Price (Current dollars/gallon) | Retail Gasoline Price (Constant 2015 dollars/gallon) |
|---|---|---|
| 2009 | 2.35 | 2.58 |
| 2010 | 2.79 | 3.02 |
| 2011 | 3.53 | 3.75 |
| 2012 | 3.64 | 3.80 |
Why did gas prices go up in 2011?
On March 7, 2011, the average price of gas having reached $3.57, individuals were making changes in their driving. The weakened U.S. Dollar resulted in a spike to $112/barrel with the national average of $3.74/gallon – with expectations of damaging the U.S. economy suggestive of a long-term recession.
How much was a gallon of gasoline in 2008?
In 2008, the average price of gas was about $3.50 per gallon. Although this price is much higher than the current average price of gas, it is significantly lower than prices in previous years. For example, in 2000, the average price of gas was over $1.50 per gallon more than it was in 2008.