Michigan Gas Prices Increased 42 Cents in One Week, Reaching Their Highest Level in Years.

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Michigan gas prices climbed 42 cents in a week, reaching $4 a gallon for 87 octane at numerous gas stations, including a Mobil station in Northville, Michigan on March 7, 2022.

Michigan residents are seeing their gas bills increase as the price of petrol increased 42 cents in only one week.

According to AAA’s weekly report, this is the largest increase of the year and the highest average price since 2013. According to AAA, the average price per gallon of unleaded gas is $3.97, barely below the national average of $4.01.

Michigan motorists are paying an average of $59 for a full 15-gallon tank of gasoline, an increase of about $8 from last November’s peak.

Gas prices are creeping closer to the record high of $4.26 per gallon set in May 2011 in Michigan, according to AAA.

In the Upper Peninsula, Marquette’s gas prices have surpassed the $4.07 threshold. Detroit and Benton Harbor also have the state’s highest gas costs, averaging $4 per gallon.

Traverse City, Michigan, has the lowest rate at $3.86, Grand Rapids, Michigan, has the highest rate at $3.93, and Ann Arbor, Michigan, has the lowest rate at $3.94.

 

Gas Tax

 

Gas prices have been hovering near prior peaks as a result of Russia’s invasion of Ukraine. Russia is the world’s third largest oil producer, trailing only the United States and Saudi Arabia. According to ABC News, Russian crude oil accounts for around 3% of US crude oil imports and 1% of crude oil processed in the United States.

Production, pipelines, and the pandemic all contribute to the national increase.

Additionally, Michigan drivers pay the sixth-highest gas tax in the country.

When coupled with additional Michigan taxes and levies and the federal gas tax, Michigan drivers paid 64.1 cents per gallon at the pump in January. The tax includes sales tax, which means that monthly totals will fluctuate based on pricing.

 

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A one-cent automatic rise in the state gas tax was enacted in the new year. The law increased the gasoline tax from 26.3 cents to 27.2 cents.

Since 2017, when it grew from 19 cents to 26.3 cents, the state tax had remained unchanged. Now, Michigan residents may anticipate an annual increase in the gas tax due to the way the law is worded. Beginning in 2022, the law requires the state gas tax to grow annually on Jan. 1 by either 5% or the state’s inflation measure — whichever is smaller.

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