BRANCH COUNTY, MI (WTVB) – Just as fast as they went up, gas prices have gone back down over the last couple of weeks.
After steady declining since early June, prices spiked a couple of weeks ago getting to as high as $4.49 in Branch County.
But Triple-A Michigan reports the average price is down 15 cents a gallon on average in Michigan compared to last week.
The auto club says the average is now $4.21 a gallon which is 90 cents higher than last year.
A 15-gallon fill up costs on average $63.
The web site www.gasbuddy.com reports prices around Branch County on Monday morning were between $3.94 and $4.19 a gallon.
Gas Buddy’s Patrick DeHaan predicted a week ago prices around the Great Lakes would ease. He said, “Some of the refinery snags that have caused prices to surge in the West and Great Lakes appear to be improving, with prices in those two regions likely to inch down, even with OPEC’s decision, as the drop in wholesale prices has offset the rise due to the production cut. But where gas prices didn’t jump because of refinery issues, they will rise a total of 10-30 cents due to oil’s rise, and some areas are certainly seeing the jump already. For now, I don’t expect much improvement in prices for most of the country, with California and the Great Lakes as the exception, with downdrafts likely in the days and weeks ahead.”
Comments