Michigan's average price at the pump is down about 50 cents compared to one year ago, the largest year-over-year drop of any state.
How can that be, you say? When did this happen? Well, it happened after the Republicans stopped raising gas prices endlessly as an issue. The Michigan average, $3.47 per gallon, is not much of an issue. Certainly not something that can be used to hammer President Obama over the head.
Just as was the case during the Bush administration, the president gets pummeled when the somehow-magical $4 per gallon price approaches or is reached. When prices subside, the issue disappears.
Of course, presidents have virtually no control over gas prices, which are dictated by the world oil market.
According to GasBuddy.com and AAA, the fall in prices is due to seasonal reasons: a change in gasoline blends at the pump, an increase in the oil supply, and the end of the busy summer driving season. On the world market, the jitters over a possible U.S. missile strike on Syria have been calmed.
According to MLive.com, the Michigan average price has dropped about 10 cents since last week and it’s expected to fall even more. GasBuddy predicts that the state’s gap with other states, putting us at No. l on the list of states with falling prices, should grow in the coming months.
The lowest price reported on MichiganGasPrices.com Wednesday morning was $3.11 at a Kroger store in Monroe County’s Lambertville. The highest price reported was $4.09 on the island of Grosse Ile.
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