The temperatures are falling and gas prices are rising. Just in time for Christmas – the highest Michigan gas prices since early September (Sept. prices hovered around $2.45 per gallon). Today’s average price of gas across Michigan is $2.322.
We have only inched up about $.08 from the average one month ago of $2.246. However, one year ago at this time we were only paying $2.10 per gallon. Remember that was in the aftermath of Hurricane Katrina.
I think we are getting the Big Oil/OPEC squeeze.
Gas price data courtesy of AAA’s Fuel Gauge Report.
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