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Gasoline prices in many parts of Michigan have experienced up to a 20 cent per gallon increase, according to Gasbuddy.com.
Patrick DeHaan of Gasbuddy says it’s the result of a culmination of falling retail prices colliding with continued increases in wholesale gas prices.
He also says while oil inventories continue to grow, gasoline inventories continue to drop, which is contributing to the price increases.
He says while prices have increased, he doesn’t see $3 per gallon gas price averages in Michigan this year.
But he also notes that there will be a lot of refinery maintenance this summer, and if that is combined with an unexpected refinery shutdown, it could mean $3 gas.
In the meantime, Dehaan says gas price hikes in the Great Lakes may continue every one to two weeks until May, when much of the current maintenance should be finishing up.
