Michigan gas prices on the rise

Posted at 9:48 PM, May 31, 2016
and last updated 2016-06-01 05:51:11-04

For the first time since last summer, gas prices are hitting the $2.50 per gallon mark.

According to AAA, the Midwest is posting the nation’s largest decline in gasoline inventories. The inventory fell for the 15th week in a row to 2016 lows.

Right before Memorial Day weekend, Governor Snyder issued a state of emergency to address potential supply concerns that are attributed to Marathon’s Detroit refinery.

The supply has been described as tight throughout the region. Challenges such as reduced production and sustained demand are believed to be the reason behind noticeably higher prices.

Prices are up by about $.10 or more per gallon. Gas prices in Michigan are among the top 10 highest in the nation.

AAA says to expect prices at the pump to remain a bit volatile as long as refineries continue to have issues.