Michigan gas prices remain below $3, AAA says

Michigangaspricescontinuetotrendbelow$3pergallon,AAA–TheAutoGroupannouncedMonday. Theprice,at$2.85pergallonofregularunleaded,is4centslessthanamonthagoand24centsbelowthesametimein2025,officialssaid. Motoristsinthestatearepayinganaverageof$42forafull15-gallontankofgasoline,AAAreported. TheEIAreportscrudeoilinventoriesdeclinedby9millionbarrelssincelastweek,accordingtoareleasefromAAA.At419.8millionbarrels,U.S.crudeoilinventoriesareabout5%belowthefive-yearaverageforlateFebruary. “Averagegasolinepricescontinuetodrifthigherascrudeoiltradesnearitshighestlevelsincelastsummer,drivenbymountinggeopoliticalriskpremiumstiedtoescalatingtensionsbetweentheUnitedStatesandIran,”saidPatrickDeHaan,headofpetroleumanalysisatGasBuddy. “Whiletherehasbeennodirectdisruptiontoenergyinfrastructure,marketsareincreasinglypricinginthepossibilityofabroaderexchangethatcouldthreatensupplyflows.Beyondgeopolitics,we’realso