Michigan gasoline prices fall as refineries restart and ease supply constraints

⑴ The American Automobile Association announced on Monday that gasoline prices in Michigan have dropped by about $0.20 compared to last week, with an average price of approximately $4.69 per gallon. ⑵ This price is about $0.40 higher than a month ago and about $1.65 higher than the same period last year. ⑶ According to GasBuddy, the national average price on Monday was about $4.42 per gallon, down about $0.02 from last week. ⑷ The average price of gasoline in Detroit was approximately $4.67 per gallon, a decrease of about $0.20 compared to last week. ⑸ Patrick De Haan, head of petroleum analysis at GasBuddy, stated that over half of the states nationwide saw a decrease in average gasoline prices over the past week, with the Great Lakes region experiencing the largest drop due to the successful restart of a major refinery. ⑹ In contrast, the West Coast saw a significant price increase driven by refinery outages in the region. ⑺ He also mentioned that diesel prices in the Great Lakes region should also begin to decline, but it may take several days for this to be reflected. ⑻ Since crude oil prices remain below $100 per barrel, many Americans may observe a slight decrease in gasoline prices and a slight drop in diesel prices. ⑼ However, the West Coast continues to face sustained pressure, and prices may rise further. ⑽ Geopolitical situations remain volatile, potentially pushing prices in either direction, and Trump is still weighing a ban on diesel exports, with subsequent impact worth monitoring. ⑾ The national average diesel price has dropped by about $0.04 compared to last week, to $6.45 per gallon. ⑿ Key areas to watch include refinery operating stability, crude oil price trends, and whether a ban on diesel exports will be implemented.