Map Shows States Where Gas Prices Expected to Decrease
Gas prices in the Great Lakes region are expected to decline by 20–40 cents per gallon in the coming weeks as refinery issues ease, according to analyst Patrick De Haan. States like Michigan, Indiana, Ohio, Illinois, and Wisconsin have recently experienced sharp price increases due to refinery outages and falling fuel supplies. However, the projected relief could be undone by renewed global disruptions, particularly related to tensions affecting the Strait of Hormuz.
- ▪Michigan saw a record diesel average of $6 per gallon this week, according to Patrick De Haan.
- ▪AAA reported that Michigan's average gas price reached $4.86 per gallon after rising over 85 cents in one week.
- ▪U.S. gasoline inventories dropped from 228.4 million to 222.3 million barrels, contributing to the recent price surge.
- ▪Wholesale fuel prices surged in the Great Lakes due to multiple refinery outages and maintenance slowdowns.
- ▪The expected price drop could reverse if Middle East tensions escalate or the Strait of Hormuz becomes unstable.
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By Hollie Silverman and John FengShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Gas prices across the Great Lakes are expected to fall sharply in the next two weeks as refinery problems ease, with Michigan, Indiana, Ohio, Illinois and Wisconsin likely to see some of the biggest declines, according to fuel‑market analyst Patrick De Haan, head of petroleum analysis at GasBuddy.He said in a post on X Tuesday that average gasoline prices in the region could drop 20–40 cents per gallon, with diesel falling 25–60 cents, barring any new global disruptions.The Great Lakes region has been hit with some of the fastest‑rising fuel prices in the country, driven largely by a cluster of…
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