Marquette Gas Prices (2024)

FAQs

What are some questions to ask about gas prices? ›

“Inventories are likely headed back to normal levels, which will keep gasoline prices lower throughout the summer driving season. That's good news for consumers.” GasBuddy's De Haan noted that gas prices have been on the low end of what his firm was forecasting for June, in part because fewer people are driving.

"Michigan motorists are seeing higher pump prices, with the state average setting a new 2024 high," said Adrienne Woodland, a spokeswoman for AAA. "If crude oil prices continue to rise, alongside tight supply, then gas prices will likely follow suit."

Other FAQs about Gasoline

How much ethanol is in gasoline, and how does it affect fuel economy? What do I pay for in a gallon of gasoline and diesel fuel? How much gasoline does the United States consume? What are the projections for U.S. gasoline and diesel fuel prices?

Modern cars typically travel between 20 and 35 miles on a single gallon of gas, depending on what factors are present. Hybrid and electric cars sport MPGe ratings that equate their range with the number of gallons of gas used across a measured distance.

California has the most expensive gas in the nation, while Mississippi has the cheapest. May 24, 2024, at 2:09 p.m. Gasoline prices are displayed at a gas station in Menlo Park, California, on March 21.

What's The Average Monthly Spend On Gas? An average American spends between $150 to $200 on gas every month. It, of course, varies and depends on the state, lifestyle, and driving habits. American families spend approximately $5,000 on gas annually, which is almost 2.24% of their monthly income.

Gasoline price changes in California are primarily driven by the cost of global crude oil and significant unplanned refinery outages.

Why the price of gas goes up and down? ›

Gasoline prices generally follow crude oil prices. Gasoline prices tend to increase when the available gasoline supply decreases relative to real or expected gasoline demand or consumption.

The drop in demand, coupled with an unexpected increase in supply, led to a collapse in crude oil prices and subsequent impacts on prices for refined petroleum products and other downstream items, notably gasoline.

The Michigan Department of Attorney General protects consumers from price fixing and price gouging and can take action when circ*mstances warrant action.

The recent surge in price, he said, is due entirely to the annual reformulation of gas that produces “summer blend” — a gas with additives that reduce evaporation and results in less air pollution and smog. It's a more expensive refining process, which is why prices go up every summer.

Several factors go into what drivers pay for gas, including refining costs, taxes, distribution and marketing, and crude oil prices, according to the U.S. Energy Information Administration. High taxes are partly to blame in California. The state has the highest gasoline taxes in the nation, according to EIA.

Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe. If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.

Doubling the price of gas to $4 per gallon doubles the proportion of wage income spent on gas, so that the average for those above poverty is 2.1 percent of wage income, and is 8.6 percent for those below poverty.

At least 7 IN 10 CONSUMERS SAY THAT GAS PRICES IMPACT THEIR FEELINGS ABOUT THE ECONOMY, and that percentage rises when gas prices increase. Consumers have a POSITIVE OPINION about convenience stores—nearly two in three consumers (63%) say convenience stores share their values.