ANN ARBOR – Michigan drivers may finally be getting some relief at the gas pump, but don't expect prices to return to pre-war levels anytime soon. Patrick De Haan, head of petroleum analysis at GasBuddy, said in an interview with MITechNews that even if the United States and Iran reach a peace agreement and reopen
Depleted global oil inventories and historically low U.S. emergency reserves could keep pressure on fuel prices for months ANN ARBOR – Michigan drivers may finally be getting some relief at the gas pump, but don't expect prices to return to pre-war levels anytime soon. Patrick De Haan, head of petroleum analysis at GasBuddy, said in
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
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
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
WASHINGTON DC - The political warning signs for Republicans are growing more complicated heading into the 2026 midterm elections. President Donald Trump’s approval ratings have weakened nationally amid concerns over inflation, energy prices, tariffs, and rising tensions with Iran. Yet at the same time, Trump continues demonstrating enormous influence inside Republican primaries — a dynamic
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
GRAND RAPIDS - West Michigan’s economy continued to expand in April, but rising oil prices, tariff uncertainty and growing fears about a broader national slowdown are beginning to cloud the outlook across the entire state of Michigan. That was the takeaway from the latest monthly industrial survey by Grand Valley State University economist Brian Long,
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
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
