July 18, 2024 9:11 am
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Local News

Holiday Season Brings the Gift of Low Gas Prices


Amidst the hustle and bustle of the holiday season, Americans are receiving the gift of affordable pump prices. As of December 14, the national average for gas is $3.10 per gallon, marking its lowest point in 2023. With fuel costs falling slowly each day, this average will likely slide below $3 per gallon by the end of the year. According to AAA, the main reasons are tepid demand and the low cost of oil, which is hovering around $70 per barrel.

Here in Michigan, the price of gas per gallon has dropped to $3.02, which is 17 cents cheaper than last week and 33 cents lower than last month.

Pump prices in Traverse City are some of the most economical in the state. At $2.94 per gallon, the average rate is 52 cents lower than it was at this time last year.

While fuel costs are slightly higher in Marquette, the current average of $3.20 per gallon signals a 22-cent reduction over the past month.

To find out more about gas prices nationally and locally, go here