Gas Prices Decline: Relief For Consumers As Costs Start Falling

There has been some pain at the pump for a bit now, especially over the Memorial Day weekend. But it seriously looks as if we are getting a litter relief.

GasBuddy say prices are actually beginning to fall, and as much as 16 cents a gallon from the holiday weekend.

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Fox17 reported that the average price of gas this morning ranged from:
Grand Rapids - $3.53/gal
Kalamazoo - $3.50/gal
Lansing - $3.52/ gal
South Haven: $3.44/gal
Muskegon: $3.49/gal
Holland: $3.56/gal

Actually, our gas prices in Grand Rapids are all over the place.

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While some places may be charging the average $3.53 a gallon, some are as low as $3.19 to as high as $3.79! That is a 60 cent difference, per gallon just from one side of town to another. What's up with that? A bit of price gouging going on depending on where you buy gas in Grand Rapids?

At any rate, GasBuddy says we are probably in for some good gas price times. With demand falling, Patrick De Haan, head of petroleum analysis at GasBuddy, said we should at least see lower prices for the month or so as we approach the 4th of July.

That would be a huge help for all of us since the cost of living is retreating as well.

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I still remember the "good old days" of the pandemic. Wait a minute! Was there anything good about the pandemic of 2020? Seriously!

The only bright spot I remember was the price of gas. in June, 2020, we were paying $1.97 a gallon.

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Two years later, June, 2022, we were paying $4.98 a gallon, so today an average of $3.53 seems a real bargain.

5200 DIVISION, SOUTH, GAS STATION

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Where is that $3.19 gas today? In Kentwood, BP/Citgo, 5200 S. Division!

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

Gallery Credit: Sophia Crisafulli