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Gas Prices drop nearly a dollar in less than a month in Kalamazoo

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We snapped this photo on Sunday and its since dropped even lower. .
We snapped this photo on Sunday and its since dropped even lower. .

KALAMAZOO (WKZO) -- A month ago no one could have guessed, and no one predicted that motorists would be paying so much less for gas as Michigan prepares for the Fourth of July.

AAA of Michigan is predicting this will be the busiest travel holiday of the year, with 1.4-million Michiganders traveling 50 miles or more. Travelers will be taking advantage of a four day weekend if they take a vacation day on Friday.

The Motor Club says the statewide average price for gas has dropped 80 cents since its record peak on June 7th at 4.25 a gallon.

Gas Buddy’s Patrick Dehaan says the decline has been even more dramatic in Kalamazoo which peaked higher and has since dropped even further than the rest of the state, but he says it won’t last long.

He says in fact Kalamazoo peaked at $4.29 a gallon on June 6th and at some Speedway stations today gas is available for $3.27 a gallon. That’s more than a dollar decline in less than a month. It would be the fastest decline since the great recession took down gas prices in 2008.

Dehaan predicts the increase if it does come before the holiday, will be modest, 15 to 20-cents at most.

Dehaan says the only safe prediction he can make about the rest of summer is that it’s impossible to  predict what might happen.

He says some of the expanded production facilities are coming on line at the BP plant in Whiting Indiana. That could either mean less volatility or more depending on whether there are teething pains.

Lately gas prices have become just about as predictable as the weather in Michigan and just as changeable.

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