fuel costs

Exxon CEO Warns Gas Price Shock May Be Just Beginning As Strait Of Hormuz Crisis Hits Drivers

DETROIT - Michigan drivers already angry over rising gasoline prices may not have seen the worst yet. That blunt warning comes as global energy executives, oil traders, economists, and shipping companies increasingly focus on one narrow waterway half a world away: the Strait of Hormuz. The concern intensified after ExxonMobil CEO Darren Woods warned that

By |2026-05-21T10:43:34-04:00May 21st, 2026|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|