Economy

Gas Prices in Metro Detroit Nearly 20 Cents Above National Average

Gas Prices in Metro Detroit Nearly 20 Cents Above National Average”

The national average has decreased 6.5 cents per gallon during the last month and now stands 14.9 cents per gallon higher than this day a year ago.

Phoenix- $2.26/g, down 2.2 cents per gallon from last week's $2.29/g. However, DeHaan expects gasoline demand to weaken as the New Year rolls in with a strong cold front, thus lowering gas prices.

That's almost 20 cents higher than the national average. Offering a brief glimpse into 2018: "motorists won't be loving what they see, but the devil's in the details".

More news: Duke Energy Corp (NYSE:DUK) Institutional Investors Quarterly Sentiment

Denver- $2.35, down 2.5 cents per gallon from last week. Refinery utilization increased as well to 94.1% of capacity while gasoline production dipped to 10.1 million barrels.

The average price of gas going into the final week of 2017 was $2.12 per gallon, or 31 cents per gallon less than the US average of $2.43 per gallon. The average price of gas is $2.55 in Hartford while the average price in Waterbury is $2.59 and overall in CT is $2.63.

States with the highest average gasoline prices: Hawaii ($3.29), Alaska ($3.10), California ($3.07), Washington ($2.88), OR ($2.73), Pennsylvania ($2.69), Nevada ($2.66), CT ($2.64), NY ($2.63) and Montana ($2.59).



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