“Some gas stations will give you 18 cents a gallon; others will give you 25 cents a gallon, ”Lake Bridge Michigan said. “Unfortunately, this is the best I’ve gotten so far.”
She is not alone in her shock with the sticker – or thrift.
Driven Russia’s invasion of UkraineMichigan gas prices jumped an average of $ 4.23 this week, with the highest prices in the Upper Peninsula, north-central Lower Peninsula and the Detroit subway (excluding Wayne County).
For the eleventh week in a row, the average gas price in the country also rose, rising by 26.4 cents from a week ago to $ 4.32according to AAA Michigan.
The Michigan average is up 88 cents from a month ago and $ 1.43 a gallon higher than a year ago. Reasons include oil production by countries that have yet to reach pre-pandemic levels, and sanctions against Russia, “one of the world’s leading energy exporters,” said Matthew Ross, a finance professor in Western Michigan. university.
“It sends painful effects on world oil markets, which directly leads to rising pump prices,” Ross said.
Many consumers are now finding ways to save what they can on pumps, and their behavior could affect prices, Ross Bridge Michigan said.
“If enough consumers cut fuel consumption, we can expect the price of the pump to go down,” Ross said. “Maybe we’re already watching this because people are very surprised at how much the price has gone up.”
Ross said it was unknown how much gas prices would rise, as much depended on it what is happening between russia and ukraine. The price of a barrel of oil jumped to $ 123 immediately after the invasion, but recently fell below $ 110 a barrel.
Gas prices usually rise in the spring as well driving increases in the warmer months and refineries are switching to more expensive summer gas blends that slow evaporation as temperatures rise.
Here are other tips to cut costs at this indefinite time:
Buy at the best price.
As with many consumer goods, you may be able to find a better deal – especially if you incorporate lower-priced hunting into your ride models, so you’ll stop at a cheaper pump with less effort (and no extra ride). .
Gas stations pay for fuel, including taxes, upon delivery. This way, prices may reflect a tank that was purchased before the price increase, said Mark Griffin, president Michigan Petroleum Association (MPA)representing 400 businesses operating in 1,500 locations, such as gas stations and distributors in the state.
But gas station operators may also have another motive: luring customers to the store for more profitable products.
“(Some) are watching what their competitors are doing, and trying to sell gasoline as a loss leader to get people to come in their door,” Griffin Bridge Michigan said last week. Others, when they rely on fuel for their main product, “may not be as competitive in price”.
The geography and relative wealth of the area may also play a role. Upper Peninsula stations pay an additional 8 to 10 cents per gallon of transport fees. Lower areas of the state with more competing stations – or customers who care about price – may have the lowest prices.
Sometimes a few miles can make a big difference.
BP in Dearborn, for example, sold gas for $ 3.83 a gallon when customers paid cash on Monday, and on the other side of town was 20 cents more. Another station, near the Dearborn Heights border, had $ 4.19 in cash.
There are more tricks to pay less
Smartphones make it easy to shop for a deal. Get programs for your favorite stations and check the price map on your route.
You can also bring cash with you if you notice a station that offers a discount if you do not charge a purchase. That could be 10 cents a gallon. One 15-gallon gas station would save $ 1.50. Four a month would save $ 6. And for a year it can be hundreds of dollars saved on what you still buy.
GasBuddy this is one app that tracks prices among competitors. If you are facing long trips and may be in unfamiliar territory, this may help you find cheaper gas. Geico also provides consumers with a gas station tracker, like the AAA and Gas Guru.
Consumers can also use popular navigation apps, such as Waze and Google Maps, to track local gas prices.