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Michigan Gas prices week of 9/5/06

Andrew Norton

Wow! Was I wrong last week or what? I predicted that the price of gas would go up by the weekend (as it almost always does) and instead it went down. The average price of gas in Michigan as of today is $2.602. Around here in southwest Michigan the price of regular unleaded has hovered around $2.57 since the middle of last week. I heard a report that the price of a barrel of oil has dropped to $68 or less as of this morning.

Too bad the prices were so high during the summer. I am sure that Michigan's tourism industry will end up reporting a down or no-growth level in state tourism for the summer of 2006.

Gas price data courtesy of AAA's Fuel Gauge Report.