© 2024 MICHIGAN PUBLIC
91.7 Ann Arbor/Detroit 104.1 Grand Rapids 91.3 Port Huron 89.7 Lansing 91.1 Flint
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

No big spike in gasoline prices expected this week

Steve Carmody/Michigan Radio

AAA predicts 1.4 million Michiganders will travel during the Fourth of July holiday.

Most of them will be driving. GasBuddy.com says drivers should not expect to see a big spike in gasoline prices.

“We’re seeing supply looking very healthy,” says Greg Laskoski, an analyst with Gasbuddy.com, “but consumer demand is really rather flat. So as a result, we’re seeing these prices come down. We’re going to continue to see that trend well past the Fourth of July week.”

Laskoski says there is a chance Michigan gas prices could fall below three dollars a gallon later this year.

But he says gasoline prices could rebound depending on the state of affairs in the Middle East and if oil-producing countries dramatically cut back on production.

Steve Carmody has been a reporter for Michigan Public since 2005. Steve previously worked at public radio and television stations in Florida, Oklahoma and Kentucky, and also has extensive experience in commercial broadcasting.