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Wed May 26, 2010
Mich. energy demand rising as economy recovering
LANSING, MI –
Demand for electricity, natural gas and gasoline is increasing in Michigan, but prices are expected to remain about the same.
The Michigan Public Service Commission's summer energy appraisal released Wednesday said that energy demand is expected to grow because of an improving economy.
Gasoline sales should increase nearly 1 percent this year following a similar decline in 2009, marking the first time since 2004 that sales are expected to rise. Gas prices should remain steady, staying under $3 a gallon during the summer driving season.
Both electricity and natural gas sales are projected to increase following declines last year.
The commission said it does not anticipate problems with energy supplies because of above average reserves.