Michigan gas price average surges 15 cents over the past week

MICHIGAN (WLUC) – Drivers may notice a significant increase in the price of gas this week across the state. The state average is approaching the $3 per gallon mark following a 15-cent increase.
On Friday, AAA of Michigan reports, the state average surpassed the $3 mark, setting a new 2026 high of $3.03 per gallon. Since then, the price has fallen slightly to $2.98 for regular unleaded gas. Meanwhile, the national average sits five cents lower than Michigan at $2.93 per gallon.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.15 million b/d to 8.30 million. Total domestic gasoline supply increased from 257.9 million barrels to 259.1 million barrels. Gasoline production increased last week, averaging 9.1 million barrels per day.
At the close of Wednesday’s formal trading session, WTI rose 67 cents to settle at $64.63 a barrel. The EIA reports crude oil increased by 8.5 million barrels from the previous week. At 428.8 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.