energy markets

The Risk Is Back: Renewed Middle East Fighting Threatens Michigan Drivers, Auto Industry

ANN ARBOR — Michigan drivers may not feel it immediately, but the latest flare-up in Middle East fighting has once again put gasoline prices—and much of Michigan's economy—on an upward path. Oil prices jumped this week after renewed fighting between the United States and Iran reignited concerns that shipping through the Strait of Hormuz, one

By |2026-07-09T14:57:20-04:00July 9th, 2026|Economy, News|

Iran War Threatens To Push Michigan Gas Prices Toward $5 A Gallon As Memorial Day Driving Season Begins

WASHINGTON DC - Michigan drivers heading into the Memorial Day holiday weekend could soon face gasoline prices approaching $5 per gallon as the escalating Iran conflict rattles global oil markets and raises fears of prolonged supply disruptions through one of the world’s most important energy corridors. The national average price for regular gasoline has climbed

By |2026-05-11T09:53:12-04:00May 11th, 2026|News|