Community Corner
Metro Detroit Gas Prices Rise
We're paying a little more at the pump than we were last week, according to the latest AAA data.
DEARBORN, MI — Gas prices are climbing in Metro Detroit, according to new AAA data.
The Dearborn-based auto club reports that a regular gallon of unleaded self-service gasoline in the Detroit area is now approximately $2.26. That's a jump of four cents per gallon in the last week. Although current gas prices are lower than what we were paying a month ago - $2.44 a gallon.
Statewide, it costs even more to gas up. A regular gallon of unleaded self-service gasoline in Michigan will run you $2.31.
Find out what's happening in Dearbornfor free with the latest updates from Patch.
What's causing the spike? The Organization of the Petroleum Exporting Countries (OPEC) decided in Nov. 2016 to cut production of oil by 1.2 million barrels a day for six months. Hence, economics principle 101: Lower supply equals higher prices. OPEC will meet on May 25 to determine whether or not to extend the production cut.
Image via Shutterstock
Find out what's happening in Dearbornfor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
