Michigan gas prices continue to yo-yo, falling more than a dime in the last week to a statewide average of $3.60 a gallon for regular unleaded, as motorists pay about $54 for a 15-gallon tank, as crude oil prices fall, according to AAA auto club.

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

U.S. crude oil is hovering above $79 a barrel after selling off Wednesday on surging inventories. While economic hopes are fading, the current outlook all but ensures OPEC+ will not roll back its production cuts at the next meeting on June 1,

A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.

Gold for June delivery fell $1.40 to $2,309.60 per ounce. Silver for July delivery rose 8 cents to $26.83 per ounce, and July copper fell 7 cents to $4.48 per pound. The dollar fell to 153.10 yen from 157.15 Japanese yen. The euro rose to $1.0730 from $1.0728.

Oil prices edged lower on Friday, and were on course for their steepest weekly loss in three months, as investors weighed weaker-than-expected U.S. jobs data and the timing of a Federal Reserve interest rate cut.

Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January. Front-month WTI and Brent on Wednesday saw their lowest closes since March 12,

Oil headed for its biggest weekly decline since February on signs of weakening demand, fueling speculation that OPEC+ will prolong output cuts to shore up prices.

Crude oil prices are trading at three-month lows after weaker-than-expected US jobs data, although European wholesale gas prices ended the week higher on demand for heating, following the cold weather system across most of Europe.