ANN ARBOR - Michigan consumers could be facing another round of economic pain as major oil companies and commodity traders warn that global petroleum inventories are falling to unusually low levels, raising concerns that crude oil prices could surge to $150 per barrel or higher if another major supply disruption occurs. For Michigan residents, the
Part 2 of a series on how huge increases in gas prices are impacting Michigan's economy and politics. ANN ARBOR = As gasoline prices climb toward $5 per gallon across parts of Michigan, economists and political analysts are beginning to examine whether the growing global oil shock could eventually reshape the state’s 2026 midterm elections.
ANN ARBOR - Michigan’s economy could face mounting pressure later this summer as rising oil prices tied to the growing Middle East conflict begin spreading through the state’s three largest economic pillars — the auto industry, tourism and agriculture. Economists warn the full impact of the global energy shock may not hit consumers and businesses
