MI gas prices fall more than 10 cents in the past week

Frederick Owens
February 21, 2018

Gas prices have fallen slightly in Rhode Island, down two cents per gallon to an average $2.59 for a gallon of regular unleaded.

Prices in Alabama fell by an average of 6 cents per gallon over the last week to $2.26, according to GasBuddy.

That puts average gas prices in Rockford below the national average of $2.51 a gallon.

States with the lowest average gasoline prices: MS ($2.25), SC ($2.27), Alabama ($2.27), OH ($2.27), Missouri ($2.28), Texas ($2.29), Arkansas ($2.31), Oklahoma ($2.31), Tennessee ($2.32) and Kentucky ($2.34).

47 of the nation's 50 states saw their average price of gasoline decline, while Hawaii, Indiana and Nevada were the lone three that saw average prices rise.

Gas is cheapest in four states, running $2.27 a gallon in Texas, Mississippi, Missouri, and Alabama.

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Drivers can find the least expensive gas near them by downloading the AAA app.

AAA Northeast's Director of Public and Legislative Affairs Mary Maguire said the downturn in prices looks to be a result of quicker refinery maintenance turnarounds and an increase in USA crude oil inventories and production.

Wholesale gasoline prices rose 3 cents last week, AAA said, after declining almost 20 cents during the previous two weeks. According to the Energy Information Administration, oil production is 14 percent stronger than a year ago, while gasoline production is up 5 percent.

Experts say the decrease is due to an increase in both oil and gasoline production.

Generally, prices also are down from a month ago but up from a year ago at this time. West of Boca Raton, six stations on Glades and Powerline roads were charging $2.79 a gallon, while a Marathon station at Glades and Butts roads just northwest of the Town Center at Boca Raton, was charging $2.99, take it or leave it. The latest data from the EIA shows an annual hike of 29 percent for crude oil exports, and 15 percent for gasoline.

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