Gas prices surge across Metro Detroit
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Illustration: Aïda Amer/Axios. Stock: Getty Images
We're picking our jaws up off the floor after Metro Detroit's gas prices jumped last week.
Why it matters: Higher prices are squeezing household budgets — and can carry political consequences.
- While the war in Iran is the main culprit for rising prices, a recent outage at the BP refinery in Whiting, Indiana, is also to blame.
The latest: The average regular unleaded gas price in Metro Detroit was $4.82 as of noon Monday, up nearly 66 cents from last week's average of $4.17, per GasBuddy data.
- We're above the national average — $4.44 as of Monday.
By the numbers: We're up more than $1.50 from last year's average of $3.14, but prices may be leveling off, remaining steady from the past few days.
- GasBuddy's highest recorded average for our region was north of $5 in June 2022.
State of play: Pump prices are poised to play an outsized role in November, especially if the stalemate over the Strait of Hormuz persists, Axios' Ben Geman writes.
- Democrats and allied groups are seeking to make Iran war-driven price increases a major campaign theme. President Trump met with oil executives last week to discuss the war's energy fallout.
Context: Patrick De Haan, GasBuddy's head of petroleum analysis, said on social media Monday that Michigan was the state with the third highest weekly spike in average gas prices.
- "Early signs of improvement could help ease some of the most extreme price pressures in the Great Lakes in the days ahead," De Haan said in a statement.
📬 Tell us: How are you saving on gas? Any tips or tricks? Do you have favorite stations or areas to fill up?
- Email [email protected] and get your answer featured in a future newsletter!