A damaging hurricane, as the season is about to peak, could push prices higher.
Michigan’s average gasoline price set a new high for 2023 on Monday, hitting $3.76 a gallon for regular unleaded, an increase of 9 cents from last week, according to AAA.
„Gas prices across Michigan continue to rise, reaching the highest prices so far this year,“ said Adrienne Woodland, a spokeswoman for the Auto Club. „Lower gas demand amid increasing supply will likely help to slow price increases.“
Contributors to the rising price of gas, the Associated Press reported, include the national heat wave, the price of oil and falling oil production, and a damaging hurricane, as the season is about to peak, which could push prices higher if weather takes out oil production and refineries.
