Published on: Feb 28, 2014 @ 6:31
DETROIT, MI – Price Hike Alert ! Gas for your car is set to take a major jump as early as today. The average price per gallon is currently $3.59. Prices are set to jump all over the State of Michigan to as high as $3.75 or more.
Gas prices in Northeast Michigan have already risen to $3.76/gallon. Those prices are reflected in Alpena.
The roller coaster rise and fall in gasoline and diesel prices over the last few years tracks changes in the cost of crude oil. Those changes are determined in the global crude oil market by the worldwide demand for and supply of crude oil. Prices in the midwest for that crude oil is rising.