MI gas prices down 10 cents after Thanksgiving

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MI gas prices down 10 cents after Thanksgiving

The region's average price is about $2.57 per gallon.

Tampa Bay gas prices are down four cents over the week according to gas price tracker GasBuddy.com, but up about 41 cents from this time a year ago.

The average price for a gallon of gasoline in Meadville remains unchanged over the past week. This is the second week in a row that Michigan's statewide average gas price has hit a double digit drop.

The average price of a gallon of regular gasoline in Valdosta Sunday was $2.32, down from $2.35 the previous week, according to the AAA Daily Fuel Gauge Report.

Oil prices jumped up to almost $60 per barrel, putting state gas prices at $2.46 per gallon Monday and Tampa Bay gas at $2.41 per gallon.

In 2017, gas prices have strayed from typical trends. Historically, year-end gas prices tend to be relatively cheap due to a drop-off in fall gasoline demand around Labor Day and the move to cheaper to produce winter-blend gasoline in mid-September.

Production: According to Baker Hughes, Inc., the total oil rig count is now 747, which is 273 more rigs than last year's count at this time. OPEC's decision may reverberate at pumps in the months and year ahead, and while the decision is likely to be an extension of production cuts made at their meeting a year ago, it's certainly not yet guaranteed.

In time for year-end road trip planning, AAA has added new tools to GasPrices.AAA.com to provide more comprehensive gas price data and insight to motorists and journalists.

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