GasBuddy: Gasoline price declines are greatest in Great Lakes region
American consumers are now seeing relief at the pump as retail prices more closely reflect the long-anticipated autumn decline that comes with 'winter blend' gasoline, flat demand and stronger supply levels. But nowhere in the country are the price decreases more pronounced than in the Great Lakes region.
"The biggest weekly decline occurred in Michigan where the average price at the pump fell by 27.3 cents per gallon," said Patrick DeHaan, senior petroleum analyst, GasBuddy.com. "As our data confirms, consumers in the Great Lakes region saw the greatest relief, by far," he added.
From Oct. 11 through Oct. 18 the most notable price decreases have occurred in the following states:
Michigan, down $0.27/gal.
Ohio, down $0.24/gal.
Indiana, down $0.23/gal.
Wisconsin, down $0.19/gal.
Illinois, down $0.19/gal.
Nebraska, down $0.16/gal.
Missouri, down $0.16/gal.
Minnesota, down $0.15/gal.
Oklahoma, down $0.15/gal.
"With the national average now at $3.70, down 14 cents per gallon over the past month, obviously we're glad to finally see prices moving down," added GasBuddy's Gregg Laskoski, "but we remain concerned about geopolitical events and what Iran/Israel conflict
GasBuddy operates IllinoisGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area. In Illinois, GasBuddy tracks price changes at retail outlets.