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.
