AAA Michigan: Statewide average gas prices decrease by 2 cents

AAA Michigan: Statewide average gas prices decrease by 2 cents

Gas in Oklahoma is averaging 3 cents less.

It's a trend we are seeing across the country, as prices jumped 4.3 cents nationwide last week, putting the national average at $2.81 per gallon.

Across the US, A.P. reports 13 percent of gas stations in the USA are charging at least $3 per gallon or more as of last week.

Tom Kloza, the global head of energy analysis for Oil Information Service, told the AP that this will be the most expensive driving season since 2014. There are 128 more rigs this year than this time last year.

At the close of Friday's formal trading session on the NYMEX, West Texas Intermediate dropped 9 cents to settle at $68.10.

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High demand, economic growth and expensive oil prices have led to the increase in gas prices, the AP reported. Around 19 percent of people fill up when they see good prices. And how bad will it get during peak driving time this summer?

AAA said gas prices will likely hit three dollars a gallon before Memorial Day. The Triple - A report also adds that across the USA, there are numerous states where the price is $3 per gallon or more. OR gas prices have increased 11 cents from April levels.

Many Coldwater area stations raised prices this weekend, some by as much as 38 cents, to $2.99 a gallon. Already, U.S. consumer demand for gasoline hit a record high for April, according to the EIA.

Average retail gasoline prices are lowest in a swath of mostly East Coast states, including Florida, New Hampshire, Delaware and Georgia.

Monday's average in Naples came in at $2.75 per gallon, eight cents up in the last month and 29 cents in the past year, and just below the state average of $2.73 per gallon. Gas prices have gone up 45.3 cents since a year ago and is up 15.3 cents since last month. Don't look for prices to drop as we start a new month.

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