Michigan gas prices fall for 3rd consecutive week, hitting sub-$5 a gallon

Michigan gas prices fall a third straight week

Gas prices are starting to come down in Michigan and drivers are taking note. It's a relief for those that commute a long way - but drivers maintain that prices are still too high to be sustainable.

DEARBORN, Mich. (FOX 2) - Michigan gas prices continue to fall from their record-high reported in mid-June, landing at a state average of $4.94 a gallon this week.

The prices are still 8 cents higher than they were last month, but 11 cents less than they were last week in Metro Detroit. Currently, the average cost for gas in Southeast Michigan is $5.04 a gallon.

Gasoline demand has fallen two weeks in a row, the Energy Information Administration announced Tuesday, reporting both a decline of hundreds of thousands of barrels of oil, and a big increase in supply.

These two factors are leading to decreasing oil prices at the gas pump, something that Michigan residents haven't seen in months.

The most expensive gas is in Ann Arbor at $5.07 a gallon. In Marquette, it's $5.03 a gallon. The cheapest gas in the state can be found in Benton Harbor - at around $4.80.

The decline in gas prices isn't a total surprise. An analyst at Gas Buddy that tracks prices said that costs would begin falling by the Fourth of July holiday. Patrick De Haan said the national average could fall as far as $4.75-$4.85 a gallon.

Currently, the national average is $4.81. It's unclear how much further relief at the pump will follow.