July 18, 2024 7:00 am
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Pressure at the Pump: Traverse City and Marquette Gas Prices Rise

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As the cost of gas continues to be a leading concern nationwide, Michigan is no exception. As of July 10th, gas in the Traverse City area is averaging $3.67 per gallon, up from last month’s average of $3.33 and last year’s $3.49. The highest recorded average was $5.15 on June 8, 2022.

In Marquette, gas prices are averaging $3.53 per gallon, nearly steady from last month’s $3.51 and slightly below last year’s $3.55. The highest recorded average for Marquette was $5.18 on June 12, 2022. Despite these fluctuations, prices remain significantly lower than the peak.

Michigan’s statewide prices continue to hold just above the national levels. The current nationwide average is sitting at $3.54 per gallon, just below Michigan’s average of $3.63 per gallon, which is slightly higher than last week. Although residents of the Great Lake State are beginning to experience greater costs after the holidays, overall gas prices in 2024 are predicted to be lower than last year’s.

As always, prices are subject to market fluctuations like changes in demand, weather events, and geopolitics. Increased domestic production bodes well for lowering costs here at home, but as we enter an El Niño year with a predicted increase in hurricanes and other extreme weather events, we may face unexpected prices at the pump.To see more about gas prices across Michigan, data from AAA can be found here.