BRANCH COUNTY, MI (WTVB) – The price of gas continues to tumble with Christmas just around the corner. Triple A Michigan reported on Monday that according to its latest survey, Michigan’s average price is down 20 cents since last week to an average of three-dollars-44-cents a gallon.
The average price in Metro Detroit is down to $3.29 a gallon while some stations are under the three dollar mark. One station near the Branch-Hillsdale County line was selling gas on Monday for $2.99.
Prices around Branch County ranged from $3.24 to $3.49 a gallon. Analysts say demand for gas is low and supplies are increasing and that the price level is almost back to November of 2021 levels.
Patrick De Haan, head of petroleum analysis at GasBuddy says in his Monday blog “Every state has again seen average gasoline prices drop in the last week, and it remains very possible the national average could fall under $3 per gallon by Christmas. There has also been a drop in diesel prices, which this week will fall back under $5 per gallon, and could soon thereafter fall to their lowest level since March. However, despite all the good news about fuel prices, there may be some concerns coming as the price cap on Russian oil kicks in. Retaliation is possible, and while OPEC+ upheld production cuts from last month, they could always cut more production. For now, however, we’ll likely see another week of declines at the pump in nearly all areas.”
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