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Michigan Gas Prices Drop 10 Cents, Still Higher Than Last Month

1/30/2026

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Gas Prices Drop

Gas prices in Michigan have fallen by 10 cents to an average of $2.86 per gallon for regular unleaded, according to AAA.
The price is higher than last month but 24 cents lower than a year ago.
A full 15-gallon tank costs about $42.
In Metro Detroit prices are around $2.90 per gallon, while Florida's average is $2.89 after a spike, as crude oil prices rise and retailers adjust.

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UK Fuel Prices Fall

Petrol prices in the UK have fallen to 131.91p per litre, the lowest since July 2021.
Diesel prices have dropped to 140.97p per litre.
The decline follows a fall in global oil prices below $60 per barrel.
The RAC's Simon Williams says the price drop helps household budgets, with nearly £3 saved for a 55-litre family car.
A report indicates profit margins among fuel retailers have increased, suggesting weak competition.

History

Historical Context

The 1973 oil crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo on nations supporting Israel during the Yom Kippur War, causing oil prices to quadruple from $3 to nearly $12 per barrel by March 1974. This crisis reshaped global energy dynamics, leading to economic recession and ongoing volatility in fuel prices, as seen today in Michigan and the UK.

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Gas Prices Drop

Gas prices in Michigan have fallen by 10 cents to an average of $2.86 per gallon for regular unleaded, according to AAA.
The price is higher than last month but 24 cents lower than a year ago.
A full 15-gallon tank costs about $42.
In Metro Detroit prices are around $2.90 per gallon, while Florida's average is $2.89 after a spike, as crude oil prices rise and retailers adjust.

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