Gas prices to drop as Enbridge restarts pipeline

3:11 PM, Aug 6, 2012   |    comments
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(DETROIT FREE PRESS) - The federal government has approved a plan to restart the downed Midwestern pipeline, which is expected to bring gasoline prices in Michigan down in the next week.

The current average for a gallon of unleaded gasoline in Michigan is $3.99, a jump $3.60 a week ago, according to the AAA Daily Fuel Gauge. The current national average is $3.61.

Experts says Michiganders can expect the price to drop to the $3.80s range in the next week, now that the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration has announced Enbridge can re-start the pipeline in Wisconsin.

"No question about it, it will lower prices (though) not as quickly as people want," said GasBuddy.com senior petroleum analyst Patrick DeHaan. "There will be relief because of this."

Enbridge spilled more than 1,200 barrels near Grand Marsh, Wis., on July 27, PHMSA said.

Detroit Free Press