(10/22/12) - AAA Michigan says gasoline prices have fallen 26 cents during the
past week to a statewide average of about $3.51 per gallon.
The national average is about $3.67.
We saw a lot of gas stations where fuel was only $3.27 for regular.
Economists credit the low prices to winter blend gas, which is much cheaper.
Some of the cheapest places in the state to get unleaded fuel are Saginaw and Bay City, according to AAA.
The prices could stay this low for a while. It really just depends on the weather.
"It's a tough call because gas prices are so sensitive to external events, so I tend to think if nothing substantial happens, these prices will probably last for a while. If we get an abnormally warm winter, prices might come down even more. If the winter is abnormally cold here or in Europe, prices might go up. If you have some refinery problems, prices might go up. If none of those happen, prices may be in shape for the foreseeable future," said Christopher Douglas, economics professor at UM-Flint.
John Holtslander owns an automotive shop. He'll keep filling up his gas cans every morning - at least for now.
"I have a lot of cars that we deal with and a lot of times vehicles come in that we have to run for a while and we have to come in and put gas in them. Every morning I see gas prices this cheap, it's a wonderful thing," he said.
A check of the ABC12 gas gauge finds some of the cheapest prices in Mid-Michigan are in the Saginaw and Bay City area.
San Francisco had the highest prices for gasoline in the U.S.
ABC12 Main Station