GASOLINE

Gas prices in Michigan are down 16 cents from a week ago, according to the AAA.

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

Video from inside a gas station convenience store captures the moment an angry customer sets the place on fire which is a frightening moment, especially for a clerk who did manage to escape the fire.

The national average price for a gallon of gas is now nearly $4, according to the AAA.

Michigan’s average cost for a gallon of gasoline sits at $4.22, down 20 cents from last week. Some counties are seeing an average of less than $3.99 a gallon.

Gas prices in Michigan broke records this month but it’s not just customers who are eager for relief.

Michigan Gov. Gretchen Whitmer was asked if she plans to follow President Joe Biden’s request to repeal the state gas tax.

Gas prices in Michigan hit their highest ever recorded average price last weekend.

The national average price for a gallon of gas is now more than $5, according to the AAA. This is the first time this has ever happened.

AAA state that drivers are paying an average of $68 to fill their tanks up.

According to a new report by J.P. Morgan Chase, the national average could reach $6.20 per gallon very soon.

Many people are canceling the trips they had planned for Memorial Day weekend this year due to record-setting gas prices plaguing Michigan and the rest of the U.S.

Few political footballs get thrown around with the wild abandon of gas prices.

Michigan consumers do not appear to be heading toward any kind of relief from higher gas prices. The Republican-led legislature voted to repeal the state’s 27 cents a gallon tax, not indefinitely but for several months. The average price of a gallon of regular in the state is $4.19 a gallon. If you have a 15-gallon tank, the savings would be $4.05.

Rising gasoline prices across the U.S. are setting new records, adding to financial hardships that many are already facing amid the pandemic and high inflation.

Gas prices are soaring and there is new concern about gas station owners rising prices even higher, hoping to make more profits.

Many people have questions as gas prices hit record highs in Metro Detroit and across the country.

Many newer cars have a function that turns off the engine when the vehicle is stopped. Should you be leaving that function on or turning it off during the gas crisis to save money?

The war in Ukraine has reached its seventh day after Russia invaded the former Soviet nation last week and, as expected, the fighting has impacted energy supplies and costs around the world.

President Joe Biden is warning that gasoline prices could rise for U.S. consumers if Russia chooses to invade Ukraine, as officials warn is likely to happen and soon.

The average U.S. price of regular-grade gasoline is up a penny over the past two weeks, to $3.40 per gallon.

Michigan drivers are paying more for fuel right now than they were last year, and prices are only expected to continue rising.

President Joe Biden held a news briefing Thursday afternoon on the cyber attack on the Colonial Pipeline that has affected gasoline supply and costs across the U.S.

The shutdown of a major pipeline on the East Coast due to a cyberattack will not impact automotive fuel supply in Michigan, officials said on Wednesday.

Gas prices in Michigan dropped 4 cents compared to a week ago, AAA Michigan reports Monday. This price is 5 cents less than this time last month but still 97 cents more than this time last year. The national average decreased despite rising gas demand, which increased from 8.44 million b/d to 8.62 million b/d. Crude prices have decreased due to continuing market concern that crude demand will drop as Europe increases restrictions to curb growing coronavirus infection rates. The decrease in crude prices has also been supported by EIA reporting that total domestic crude inventories increased by 1.9 million bbl to 502.7 million bbl.

Gretchen Whitmer issued Executive Order 2020-31, suspending the April 1 requirement for lower vapor pressure gasoline. To ensure the health and safety of the public, gasoline supplies must remain available to support essential functions during the COVID-19 pandemic. This public health emergency has caused an unexpected oversupply of higher volatility gasoline, which is occupying bulk fuel storage systems and preventing many distributors from shifting their supplies to lower volatility gasoline that meets vapor pressure requirements for sale in Michigan beginning April 1, 2020. Stocks of winter-blend gasoline, which is sold in Michigan prior to April 1, are ample and available to supplement the undersupply of April-compliant gasoline stocks during this emergency. For more information on gas pricing, visit the Michigan Department of Licensing and Regulatory Affairs’ Petroleum Price Information website or www.michigan.gov/gasolinecorner.