Michigan Drivers Advised to Refill Gas Tanks Amid Potential Price Hike
Michigan drivers are being urged to fill up their gas tanks before Monday due to anticipated price increases. The average price of regular unleaded gasoline in Michigan has been declining from a high of $4.87 per gallon on May 2 to $4.74 per gallon as of May 9. This decline followed a spike caused by supply disruptions linked to the closure of the Strait of Hormuz and refinery issues in the Midwest. However, new refinery problems, including an explosion in Louisiana, are expected to drive prices back up. Patrick De Haan, a petroleum analyst with GasBuddy, warns that prices could cycle back to previous highs, particularly affecting states in the Great Lakes region.