Overview
- AAA reports Michigan’s average jumped 29 cents to $3.08 per gallon, with metro Detroit at about $3.00 after a 16-cent rise and Lansing up roughly 45 cents to about $3.12, according to GasBuddy.
- GasBuddy pegs the national average at roughly $3.00 after a small weekly increase, while regional gaps persist with Columbus at $2.94 and Florida near $2.91 on average.
- A fire and power outage at BP’s Whiting, Indiana, refinery tightened Midwest supply for several days, and the company says operations are back online.
- EIA data show recent draws in U.S. crude and gasoline inventories, reinforcing tighter supply conditions heading into late October.
- New U.S. sanctions on Russia’s Rosneft and Lukoil have lifted oil prices in recent days, raising the risk that pump prices stay elevated even as analysts see potential relief once regional supplies normalize.