Map Shows States Where Gas Prices Expected to Decrease
Summary
Gasoline prices in the Great Lakes region are expected to drop by 20 to 40 cents per gallon soon as refinery problems improve. However, price changes remain uncertain due to ongoing global issues, including tensions near the Strait of Hormuz affecting oil supplies.Key Facts
- Michigan, Indiana, Ohio, Illinois, and Wisconsin are likely to see the biggest gas price drops.
- Diesel prices might fall by 25 to 60 cents per gallon.
- Refinery outages caused a recent spike in fuel prices, pushing Michigan diesel to $6 per gallon.
- Gasoline supply tightened because production slowed and inventories decreased.
- The Great Lakes region had some of the fastest and largest fuel price increases in the U.S.
- National average gas prices are lower than in Michigan and nearby states, where prices are close to or above $4.79 per gallon.
- Prices could rise again if conflicts in the Middle East worsen or refinery issues return.
- Drivers are advised to wait before buying gas, as prices may still fall more.
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