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Transportation & Infrastructure

The end of the road for under $2 a gallon gasoline?

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Steve Carmody
/
Michigan Radio

Michigan motorists may have seen the end of two dollar a gallon gasoline.

GasBuddy.com predicts Michigan’s statewide average for a gallon of regular gasoline will rise to over $2.30. 

There are several factors pushing gas prices over and above two dollars a gallon. 

Strikes at more than a half dozen refineries are slowing production. World crude oil prices, that bottomed out in the low 40 dollars a barrel range, are now trading over 50 dollars a barrel.

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Credit Gasbuddy.com
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Gasbuddy.com
This chart shows Michigan's gasoline prices bottomed out in January.

And this is the time of year gasoline prices begin their long slow climb to the summer driving season.

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