Michigan Gas Prices Fall For July 4th Holiday

04 July, 2017, 00:56 | Author: Randy Kelley
  • AAA predicts lower gas prices will cause increase in travelers for holiday weekend

Rising demand doesn't always lead to higher prices.

Holiday weekends are always busy weekends for travel regardless, but AAA believes that lower gas prices could make this year a record breaking year for travelers for Fourth of July weekend.

The national average gas price (as of July 2) is about four cents cheaper than this same time past year, at $2.234 per gallon, and quite low for the summer travel season. Nationwide, the average was $2.23. Prices at some stations plunge to $1.49. Locally, AAA Michigan says the price in the Benton Harbor-St.

Some 37.5 million Americans will drive to their destinations, an increase of 2.9 percent over last year, AAA predicted, while 3.44 million people will be flying for Independence Day, increasing air travel by 4.6 percent over last year.

"The combination of tepid demand and increased gasoline and crude oil output continues to put downward pressure on gas prices", said Lloyd Albert, senior vice president of public and government affairs for AAA Northeast.

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The declines might be nearing an end, however, as a rebound in crude oil futures that began last week continued on Monday.

Right now, OH takes the top spot for monthly changes in gas prices from June to July with a 28 cent decrease. One reason: a report on Thursday by the U.S. Energy Information Administration that drilling activity in the United States dropped by two rigs - the first pullback since January.

According to gasbuddy.com, Ohio's prices average around $1.95 per gallon. Kansas' average gas price registers 11th lowest in the nation.

Rockford's average price is $2.24 per gallon, which is five cents cheaper than last week's price.

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