Gas prices continuing 'free fall,' AAA says

Angie Massey
June 26, 2017

Gas prices are up about 4-cents per gallon on average in MI this week according to AAA and holding relatively steady at about $2.36/gallon statewide.

Gas prices are up about four cents per gallon on average in MI this week, according to AAA.

Between June 1 to June 25, the state average was $2.31, two cents cheaper than the national average.

AAA predicts gas prices won't fall much further this summer and will likely go up as the low prices encourage more people to get out on the road. "And when travelers spend less at the pump, they are left with cash to spend on lodging, shopping and dining out".

Gasoline prices declined in line with the falling price of crude.

The lower gas prices in Florida are in Tampa-St.

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The most expensive gas can be found in South Florida with West Palm Beach-Boca Raton's average at $2.31, followed by Miami with $2.28 and Fort Lauderdale at $2.27.

Only Indiana has seen sharper drops in gas prices this month than the Sunshine State.

The average in the Bradenton-Sarasota-Venice market was $2.162 on Monday, down from $2.168 the previous day and $2.229 a week ago.

The statewide price is the lowest since December 2016, according to AAA, whose data is collected from credit card swipes and direct feeds from 120,000 gas stations nationwide in cooperation with Oil Price Information Service and Wright Express.

Drivers continue to reap the benefits of low oil prices and low demand for fuel, just in time for Fourth of July travel.

Other reports by GizPress

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