Metro Detroit gas prices fall sharply, average $3.45 per gallon - DC News FOX 5 DC WTTG

Metro Detroit gas prices fall sharply, average $3.45 per gallon

Posted: Updated:

By FOX 2 News Staff

SOUTHFIELD, Mich. (WJBK) - GasBuddy says gasoline prices have fallen 22.4 cents during the past week to an average of about $3.45 per gallon.

The gas-tracking website says Monday the average is nearly 49 cents per gallon less than a month ago and 9 cents higher than a year ago.

"Only one other time in the last few years have we seen the national average drop so significantly in the course of just a week, and that other time was in May 2011," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"Looking back at our data, we only see that prices dropped considerably more in autumn 2008 when the economy slipped into a recession. Given the circumstances with this latest weekly decrease- that it has nothing to do with recession- is significant," DeHaan said.

Click here to view the myFOXDetroit.com Gas Tracker.

  • Local NewsLocal NewsMore>>

  • Power outage numbers across southeast Michigan

    Power outage numbers across southeast Michigan

    Monday, July 28 2014 10:01 AM EDT2014-07-28 14:01:04 GMT
    As of 6 a.m., approximately 165,000 DTE Energy customers are out of electric service due to the high winds and lightning that hit southeast Michigan Sunday afternoon. DTE has restored power to 21,000 customers that were affected by the storm, which included wind gusts of up to 70 m.p.h. in the DTE service area.
    As of 6 a.m., approximately 165,000 DTE Energy customers are out of electric service due to the high winds and lightning that hit southeast Michigan Sunday afternoon. DTE has restored power to 21,000 customers that were affected by the storm, which included wind gusts of up to 70 m.p.h. in the DTE service area.
  • Dollar Tree buys Family Dollar

    Dollar Tree buys Family Dollar

    Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:12 GMT
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
  • Storm damage in Oakland and Macomb counties

    Storm damage in Oakland and Macomb counties

    Monday, July 28 2014 6:27 AM EDT2014-07-28 10:27:31 GMT
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices