Despite all of the talk and speculation recently about if (they say definitely) and when (could be a year from now) gas will hit $4 per gallon, the average price of gas in Michigan has dropped from last week. Today's current average price of gas in Michigan is $2.88. At our local gas station they lowered their price down to $2.81 for regular unleaded yesterday afternoon. One month ago the average price of gas in Michigan was $3.047. Average Michigan gas prices a year ago were $2.705 for a gallon of regular unleaded. Kind of surprising that right now we are only averaging $.18 more per gallon than a year ago. Seems like it would be a lot more than that.
Gas price data courtesy of AAA's Fuel Gauge Report.