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.