Unrest in the Middle East may soon affect gasoline prices in Michigan. Crude oil prices are approaching one hundred dollars a barrel, which is expected to increase the cost of gasoline globally.
Nancy Cain is with AAA Michigan. She says it’s too soon to predict whether or not the price for a gallon of regular unleaded will reach four dollars, like it did two years ago.
“Our all time high here in Michigan, we were paying four dollars ten cents a gallon. And that was when the crude oil per barrel price was on the world market as a hundred and forty dollars per barrel. So, we’re hopeful we’re not going to see that again.”
The current average price for a gallon of regular unleaded gasoline in Michigan is $3.18, a penny more than the national average.
