Michigan gas prices hit record high

May 3, 2011

Michigan gasoline prices have reached a record high. According to GasBuddy.com, the price for a gallon of gasoline has never been this high in Michigan. 

Patrick DeHaan is a senior petroleum analyst with GasBuddy. He says the old record was $4.25 a gallon. DeHaan says the price at the pump in large parts of Michigan is now higher than $4.29 a gallon. He says refinery problems are causing gasoline supplies to drop in the Midwest.

DeHaan says Michigan motorists should be aware, we may not have reached that peak pump price yet. 

 “Whatever you expect…can change.  And so, if there is another issue like this we could see prices continue higher.   But history tells us that prices will reach a new peak sometime in May.”

DeHaan does not expect the death this week of Osama bin Laden will have an affect on gas prices.