Economy

Prices at the Pump Continue To Fall

Prices at the Pump Continue To Fall”

If you're hitting the roads this week, you can breathe a sigh of relief at the pumps.

This compares with the national average that has fallen 6.0 cents per gallon in the last week to $2.47 per gallon. The national average is also down 19.3 cents over the last month.

AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state.

In Ann Arbor the average is down 5.1 cents per gallon to $2.44. According to GasBuddy, in Grand Rapids, the price has dropped 12 cents per gallon in the last week, putting the average at $2.35 per gallon.

Even with the series of recent storms, including Nate, GasBuddy officials say prices are likely to keep dropping. "Gasoline supply has continued to improve and as temperatures begin to feel more fall like, demand for fuel will continue to decline".

Patrick DeHaan, senior petroleum analyst for GasBuddy, says nationally, prices still stand about 15 cents per gallon higher than pre-Hurricane Harvey, but the gap will continue to slow as prices slowly trickle down.



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