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Michigan Gas Prices Week of 6/12/06

Andrew Norton

Well, gas prices are holding steady at $2.88 which is about where they were last week. A year ago at this time gas prices had crept up to $2.159. To think that we were concerned about those prices. Hah! If we only knew. Matt Helms has an interesting Question and Answer column today in the Detroit Free Press. One of the questions is about the necessity of the third digit in gas prices (i.e. $2.887 per gallon). Apparently, back in the days when a penny was worth something (besides the penny pony at Meijer) gas stations used that third digit to be "cheaper" than other stations around them to earn your business.

Gas prices courtesy of AAA's Fuel Gauge Report.