Michigan's Winter Weather Brings Lower Gas Prices

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September 18th, 2012 at 2:59 pm

Michigan gas prices have been skyrocketing, with the average price a gallon this Monday rising to $4.01, the highest it has been so late in the summer since back in 2008. However, relief is on its way in the form of winter weather as gas stations will begin to use winter-grade fuels.

Gas prices are expected to decrease as soon as this week as stations begin the switch. In New York it's already been trading for 20 cents less. As Philip Verleger sees it, founder of PKVerleger, “we're going to see lower gasoline demand. We always do at this time of year. It's nothing reflecting economic slowdown; it's the seasonal downturn,” (High gas prices in Michigan likely to dip shortly with switch to winter grade, Frank Witsil, Detroit Free Press, http://www.freep.com/article/20120918/BUSINESS06/309180049/High-gas-prices-likely-dip-shortly-switch-winter-grade).

Michiganders have been hit hard by gas prices, ranking as one of the 10 states to reach more than $4; it holds the eighth highest in the U.S. To give Michigan consumers an idea of how much prices have inflated this time around AAA compared the current price of $4.01 to last week's $3.97, then last month's at $3.93, and further back to last year's average of $3.73, (High gas prices in Michigan likely to dip shortly with switch to winter grade, Frank Witsil, Detroit Free Press).

Weather is a huge factor when it comes to the pricing of gas; the reason for the recent jump in price was due to Hurricane Isaac. Even though some dread it, our Michigan winter will be helpful by saving us a few bucks when we fill up during the colder months.

Posted in Uncategorized, News by Jason Waechter, Esq.

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