Business & Tech
Gas Prices Shoot up Toward $4 a Gallon
Prices increase an average of 34 cents a gallon in a week, approaching record highs.
Metro Detroit gasoline prices shot up 34 cents a gallon in a week, running an average of $3.78 a gallon Tuesday vs. $3.44 a week ago, according to AAA Michigan.
Motorists are spending $3.76-$3.95 a gallon for regular gasoline in Berkley and Huntington Woods. Other parts of Michigan are paying $4 or more.
Increasing world demand for oil is pushing Michigan’s gasoline prices closer to record high territory, said Dustin Coupal is a co-founder of GasBuddy.com.
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“Over time, it’s a definite certainty ... whether it happens this week … or next month," Coupal said. "Unfortunately, higher gas prices are coming.”
The state set a record last May, when the average price hit $4.26 a gallon.
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