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Expect another price spike closer to $3 a gallon gasoline in Michigan this month

May 2, 2018

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Credit steve carmody / Michigan Radio

Michigan gas prices are expected to take at least one more bounce toward three dollars a gallon between now and Memorial Day.

The statewide average has dropped a few pennies since hitting a four-year high ($2.94 for a gallon of regular unleaded) over the weekend.

“Gas prices should peak in the month of May and we may be very close,” says Patrick DeHaan, with GasBuddy.com.

DeHaan credits shrinking oil reserves, refineries changing over to summer fuels and OPEC drawing down supplies for the latest uptick in prices.