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Tue February 28, 2012
Michigan gasoline prices moving into historic territory
Motorists are spending $4 for a gallon of regular gas in Troy and Okemos. And other parts of Michigan may soon join them. Michigan’s gasoline prices shot up 12 cents on Monday.
Dustin Coupal is a co-founder of GasBuddy.com. He says increasing world demand for oil is pushing Michigan’s gasoline pricescloser to record high territory.
“Over time, it’s a definite certainty…whether it happens this week ….or next month," says Coupal, "Unfortunately higher gas prices are coming.” According to GasBuddy.com, Michigan’s average regular gas price is around $3.80 a gallon. The state set a record last May, when the average price hit $4.26 a gallon.