Gas prices hold steady in Michigan after months of falling costs

After months of declines in gas prices, the cost for a gallon appeared to hold stead over Labor Day weekend with Michigan drivers paying $3.83 a gallon on average.

Its 25 cents less than this time last month but 62 cents higher than this time last year. 

It also comes out to about $57 to fill up a 15-gallon tank of gasoline, about $6 more than where prices were at their highest in November. 

Demand went up a bit but is still much lower than where it was last week. Meanwhile, gas stocks fell by more than a million barrels.

"Michigan motorists saw an uptick in gas prices heading into Labor Day weekend," said Adrienne Woodland, spokesperson, AAA-The Auto Club Group. "Despite the slight increase, the Michigan state average held steady week over week."

The costs for gas on the global scale fell a bit upon reports of slowing economic growth over fears of a recession. And that's despite falling supply. 

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Compared to last week, Metro Detroit’s average daily gas price increased. Metro Detroit’s current average is $3.97 per gallon, about 3 cents more than last week’s average and 70 cents more than this same time last year.

  • Most expensive gas price averages: Ann Arbor ($3.98), Metro Detroit ($3.97), Traverse City ($3.95)
  • Least expensive gas price averages: Grand Rapids ($3.62), Saginaw ($3.69), Lansing ($3.69)