Michigan Gas Prices Surge to $4.36 a Gallon

Gasoline prices in Michigan have climbed to an average of $4.36 per gallon, marking a 13-cent increase within the past week. This rise also represents a 31-cent jump from the price one month ago and a substantial $1.22 increase compared to the same period in 2025. Nationally, the average price for gasoline was reported at $4.05 per gallon on Monday, showing a slight 1-cent decrease over the last week.

The volatile price fluctuations are attributed to a complex interplay of global events. Geopolitical tensions initially drove oil markets higher, but potential deal signaling has eased some pressure. However, ongoing Ukrainian attacks on Russian oil infrastructure continue to elevate refined product prices by reducing output. This dynamic is expected to push the national average to its highest recorded level for this point in the year.

Contributing factors also include a rise in gasoline demand, which increased to 9.04 million barrels last week. Concurrently, U.S. crude oil inventories experienced a significant fall of 7.2 million barrels, standing approximately 7% below the five-year average. The average price of diesel fuel nationwide also saw an increase, rising 7 cents to $5.33 per gallon.