ExxonMobil's CEO says refinery constraints—not just crude oil prices—are increasingly determining what motorists pay at the pump. Michigan experts say global conflicts, refinery outages and uncertainty are keeping fuel markets volatile. Part Two Of A Series On How Oil Prices Impact Michigan's Economy. ANN ARBOR – Michigan drivers hoping that easing tensions in the Middle
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
Global Conflict Is Now Reaching Michigan’s Economy ANN ARBOR - Michigan may be thousands of miles from the Strait of Hormuz, but the impact of the growing Middle East oil crisis is already showing up at gas stations, freight terminals, factory floors and household budgets across the state. Global oil prices surged again this week
ANN ARBOR - Americans may soon feel the economic impact of the escalating Iran conflict in one of the most familiar parts of daily life: the cost of an oil change. Industry analysts are warning that synthetic oil changes — already approaching $100 for many vehicles — could surge to $120 or more if tensions
