Gas prices in mid-Michigan falling at record rate

LANSING, MI (WLNS) – Gas prices in mid-Michigan seem to be falling at a record rate.

According to GasBuddy.com, prices are down almost 90 cents from the same time last year. It seems everyone is happy about it,  Michigan drivers as well as local gas station owners.

In Lansing, Friday’s average is about $2.41. That’s down almost 7 cents from Thursday’s average price at the pump.

“Just makes you happy. You don’t dread going place you don’t dread having to fork out one hundreds for gas every week,” said Charlotte Shell gas station manager Virginia Werner.

Low gas prices are also welcome with the coming holidays.

“It’ll be easier I believe for people to put less in the gas tank and more to save or spend on Christmas,” said Charlotte resident Jodie Roddy.

Mark Griffin at the Michigan Petroleum Association says prices are low because the demand has dropped.

“As we head into December, January, February those are the lowest amounts of gas prices because demand is at the lowest at that point in time as well.”

But that’s another story when it comes to Thanksgiving this year.

“You’re going to see an increase in demand because there’s going to be more people on the road traveling. The market usually responds to with high prices.”

Griffin  says, petroleum distributors are just as happy as customers when it comes to cheap gas.

“We share their concern every time the gas goes up that means customers have less money to come into the store and buy convenience store items we usually make the most money on.”

In the end, low gas prices benefit all corners of society not just Michigan drivers.

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