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Economy

It may pay to shop around for the best gasoline prices on Black Friday

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steve carmody
/
Michigan Radio

This is a weekend for holiday shoppers looking for bargains.

But they may also want to spend extra time looking for bargains at the pump.

Hurricanes, delayed refinery maintenance and OPEC cutting back production has left us with gasoline prices about 50 cents higher than a year ago.   

However, a sharp drop in wholesale gas prices is creating an unusually wide spread in prices in some metro areas. 

Patrick DeHaan is with GasBuddy.com.   He says motorists can save big if they shop around.

“Like Flint for example, the cheapest station was $2.27,” DeHaan said on Wednesday, “But there’s also stations in Holly charging $2.99.  A massive 70 cent a gallon spread.”

DeHaan predicts the average price in Michigan will drop another 10 to 20 cents between now and Christmas.