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BigRapidsDailyNews : Breaking News

Local gas prices could drop soon; moderation expected in late 2026

Nationwide gas prices continue to rise as tensions involving the Strait of Hormuz persist, but some relief could be on the way.

Current prices in the Big Rapids area average around $4.83 per gallon for regular fuel, which is just above the state average of $4.81. As of Wednesday, May 6, the lowest prices in the region included Fremont at $4.58, Cadillac at $4.65, Mount Pleasant at $4.65 and Big Rapids at $4.69.

GasBuddy head of petroleum analysis, Patrick De Haan, has noted ongoing volatility, but optimism tied to refinery issues and the Strait of Hormuz. 

"Refinery issues (are) clearing up," DeHaan said via X. "If you're in Michigan, Indiana, Ohio, Illinois, or Wisconsin, don't be in a rush to fill. The way things are looking, average gas prices could fall 20-40 cents per gallon with diesel (prices) falling 25 to 60 cents in the next two weeks. This could change if (the) Strait destabilizes."

Over the last month, regular gas prices in Michigan have risen by approximately 95 cents.

Nationally, prices are hovering around $4.54 per gallon. A year ago on May 1, 2025, gas in the United States averaged about $3.15 per gallon. Midwestern states such as Michigan, Illinois, Ohio and Indiana are showing prices above the national average.

The U.S. Energy Information Administration, which predicted a monthly peak of $4.30 for April, expects moderate prices into the second half of 2026 as oil premiums ease.

For update to date pricing around the Big Rapids area, visit our community resource hub here: https://bigrapidsdailynews.com/community/resource-hub.