Area Gas Prices Drop, But it Shouldn't Last

Metro Detroit motorists are getting a break this week on gas prices, which have fallen at least 10 cents since last week.

According to the AAA, the average price for a gallon of regular gas in Metro Detroit was $3.32 this morning, down from $3.45 a week ago and up from $3.11 one year ago.

Here are some of Thursday's prices for a gallon of regular gas at a few nearby stations, according to the AAA Fuel Gauge Report:

• $3.36: , 7998 Pontiac Trl. at Orchard Lake Road
• $3.40: , 4100 Orchard Lake Rd. at Pontiac Trail
• $3.40: , 7400 Farmington Rd. at 14 Mile Road

Price forecasting agency and data provider GasBuddy.com predicts that 2012 gas prices will peak in May, with a national median price of $3.95 per gallon. The average price for a gallon of regular unleaded gas is expected to hit a new high of $4.15 to $4.50 on Memorial Day in Metro Detroit, according to gasbuddy.com.

“While the 2012 outlook isn’t what I’d call rosy, we can look to Europe at their $6-$9/gallon gasoline and be happy that we’re still not paying as much as some countries,” wrote Patrick DeHaan, a senior petroleum analyst for gasbuddy.com.

For more information on gas prices and traffic in the West Bloomfield area, visit our Traffic & Gas tab.

Where have you seen the cheapest gas around town? Leave a comment!