MI gas price spike is largest in nation

  • MI gas price spike is largest in nation

MI gas price spike is largest in nation

Over the past weekend, the average gas prices in Florida stood at $2.40 per gallon, the same as it was at the start of last week.

Besides the gas tax, there is simply more demand in California and nationwide for gas.

"The tax hike's effect at many, but not all, gas pumps was immediate on Wednesday", said Auto Club spokesman Jeffrey Spring.

At the time of the survey, the lowest price in the state was $2.61 in Traverse City and the highest was $2.79 in Marquette.

According to industry analysts, the increase of 7 cents per gallon is due to several factors, including the price increase in the purchase and sale of oil. "It would not be a surprise to see gas prices rise 5-10 cents this week, since wholesale prices rose an average of seven cents last week".

Blasky said gas prices could drop after Thanksgiving, but it is hard to predict how prices fluctuate.

MI climbed to 10th in the nation for highest gas prices.