Detroit Area Gas Prices Shot Up

By TV20Detroit Web Editor

Detroit Area Gas Prices Shot Up

February 27, 2012 Updated Feb 27, 2012 at 1:13 PM EDT

DETROIT, Mi. (My TV20 News at 10) --- Average retail gasoline prices in Detroit have risen 25.6 cents per gallon in the past week, averaging $3.68/g Sunday.

This compares with the national average that has increased 11.3 cents per gallon in the last week to $3.64/g, according to gasoline price website DetroitGasPrices.com.

Including the change in gas prices in Detroit during the past week, prices yesterday were 27.6 cents per gallon higher than the same day one year ago and are 30.6 cents per gallon higher than a month ago. The national average has increased 26.6 cents per gallon during the last month and stands 29.8 cents per gallon higher than this day one year ago.

"2012 is looking increasingly like 2008," said Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com. "Gasoline prices are climbing aggressively as speculation drives crude oil higher; and once again, it's an election year. But this time its the volatility in the Middle East that has everyone wondering 'How high is up?'," he added.

About DetroitGasPrices.com:

GasBuddy operates DetroitGasPrices.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.

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