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AAA Michigan: Statewide average gas prices fall 8 cents

Gas Pump File Photo

DEARBORN, Mich. (AP) - AAA Michigan says gas prices statewide have fallen by about 8 cents per gallon in the past week.

The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.34 per gallon. That's about 2 cents less than at the same point last year.

AAA says the lowest average price was about $2.24 per gallon in the Benton Harbor area. The highest was about $2.40 in the Jackson area. It was the second week in a row that the Benton Harbor area had the lowest price and Jackson had the highest.

The Detroit-area's average was down about 4 cents from a week ago to $2.37 per gallon.

AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state.

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Online:

http://www.fuelgaugereport.com

Statement from gasbuddy.com:

"As expected, gasoline prices over the last week were mixed. While the national average edged lower by a couple cents nearing its lowest of the summer, 20 states saw average prices move higher, two states saw prices little changed, while 28 saw average prices decline," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "Oil prices, after sagging to close the month of June, had started July by surging, only to let up shortly after. Last week, however, the market resumed the rise, posting a 5% weekly gain, so we're likely again to see something of everything: gas prices rising in most areas, falling in a few, and perhaps changing little in a handful of places as well. The bigger issue we're now looking at that could affect gasoline prices are a last minute special meeting OPEC will be holding on July 27. It remains a bit of a mystery what, if anything, they may decide, but all eyes will be focused on any policy changes or production changes."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.

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