AAA Michigan: Holiday gas prices at two-year lows; additional drops expected

Posted at 6:40 AM, Dec 21, 2018
and last updated 2018-12-21 08:59:10-05

AAA Michigan reports that gas prices, which are already at 2-year lows for this time of year, should drop even lower in coming days.

Gas prices in Michigan are 41 cents less than the average price on Christmas Day 2017. Although the state average is $2.20 per gallon, AAA Michigan says motorists are finding pump prices well below $2 a gallon across the state.

On average, Michigan drivers are paying $14 less for a full tank of gasoline, compared to when prices peaked last summer. During the past 12 weeks, pump prices plunged an average total of 82 cents.

AAA forecasts nearly 3.3 million Michiganders will take a road trip between now and New Year's Day. An additional 140,000 drivers are expected on the road, compared to last year's holiday season. That does not include travelers from out-of-state.

"A holiday road trip will become even more affordable, as AAA forecasts another round of falling gas prices," said Nancy Cain, spokesperson, AAA - The Auto Club Group. "Wholesale gasoline plummeted on Thursday, which will reduce the cost for retailers to buy and sell gasoline. Unless the market turns around, drivers should see gas prices fall another 5-15 cents, during their holiday road trips."