OIL

The average U.S. price of regular-grade gasoline plunged 32 cents over the past two weeks to $4.54 per gallon.

Gal Luft of the Institute for the Analysis of Global Security said a price cap would be like visiting a shop and asking the seller to accept less money.

Michigan gas prices ticked down about 18 cents from last week, dropping below the $4.70 per gallon mark.

The US president's visit to the turbulent region may highlight the limits of American power.

Michigan gas prices ticked down about 14 cents from last week, dropping below the $5 per gallon mark.

Michigan gas prices ticked down about 11 cents from last week but remain above the $5 per gallon mark, about 50 cents higher than one month ago.

Michigan gas prices ticked down about five cents from last week but remain above the $5 per gallon mark, about 82 cents higher than one month ago.

There’s renewed talk of a federal gas tax holiday as gas prices remain near record high prices across the country.

Anatoly Lazarev was at the heart of Russia's space rocket programme before he fled to Hungary.

Michigan drivers are now paying a new record high of $4.38 per gallon for regular unleaded gas, according to AAA.

The average U.S. price of regular-grade gasoline has jumped 15 cents over past two weeks to $4.38 per gallon.

Michigan’s average price for a gallon of unleaded gasoline has hit a new record high mark.

If you’re out exploring nature and you find water with an oily sheen on it the Michigan Department of Natural Resources wants you to poke it with a stick.

Germany currently gets a quarter of its oil and 40% of its gas from Russia

Michigan gas prices continued to tick down slightly after setting a new record of $4.26 per gallon last month. But prices remain near $4 in most areas.

The owners of Crooked Creek Farm Fairy are the last generation that will be on this land. But even in their final years of loving and living the farm life, it has gotten incredibly difficult.

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

Michigan gas prices continued to tick down slightly after setting a new record of $4.26 per gallon last month. But prices remain above $4 in most areas.

Michigan gas prices continued to tick down slightly after setting a new record of $4.26 per gallon earlier this month. But prices remain near that record high.

Michigan gas prices continued to tick down slightly after setting a new record of $4.26 per gallon earlier this month. But prices remain near that record high.

Michigan Gov. Gretchen Whitmer joined Local 4 News Today to talk about her plan to lower gas prices, her ongoing effort to fix the state’s roads, and the pandemic.

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.

Michigan lawmakers have voted to suspend the state’s 27.2-cents-a-gallon gasoline and diesel taxes, finalizing a bill that Gov. Gretchen Whitmer has signaled she will veto.

Michigan gas prices ticked down slightly after setting a new record of $4.26 per gallon last Thursday. But prices remain near that record high.

Watch live coverage as President Biden is expected to announce a ban on the import of Russian oil as part of further actions to hold Russia accountable for its actions in Ukraine.

Gasoline prices are rising sharply in Michigan and throughout the U.S. due to rising oil costs caused by Russia’s invasion of Ukraine.

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.

Ukraine’s appeal to the West to end energy commerce with Putin’s regime are ignored — for now.

Knowing what to do with used oil and grease is a requirement of being a cook. Here's how to reuse and properly dispose of it.

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

Canada is getting deeply involved in a dispute over an oil pipeline in Michigan.

OPEC+ will resume talks on Monday, seeking to broker a deal on crude output after the group unexpectedly failed to reach an agreement last week.

Baking with oil not only requires less work, and results in fewer dirty dishes, than butter, but it also produces tender, moist baked goods with an impressively long shelf-life.

A meaty fish, preheated grill and clean grates are a few of the keys to easier fish grilling.

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.

A regulatory agency that’s responsible for the water supply of more than 13 million people in four Northeastern states voted Thursday to permanently ban natural gas drilling and fracking near a crucial waterway, asserting that gas development poses an unacceptable risk. Ad“The fracking ban in the Delaware River Basin is a momentous victory for public health, the environment, and against climate change,” said Kimberly Ong, an attorney at the Natural Resources Defense Council. Industry officials pointed to studies by a neighboring regulatory agency, the Susquehanna River Basin Commission, that found no link between intensive gas drilling in the Marcellus and degradation of the watershed. The drilling methods spurred a U.S. production boom in shale gas and oil. Conservation officials once estimated that gas companies had leased more than 300 square miles of Delaware River watershed land.

(AP Photo/Carlos Osorio, File)TRAVERSE CITY, Mich. – Michigan's environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes. AdThe project requires permits from the state Department of Environment, Great Lakes and Energy and the U.S. Army Corps of Engineers. “We have issued permits designed to ensure that if a tunnel is constructed, it will be in strict compliance with relevant statutes and adhere to stringent protections against impacts to the Great Lakes,” Clark said. State officials emphasized the tunnel project was a separate legal matter from the dispute over the existing pipeline, which was laid in 1953. It has taken steps to prevent future anchor strikes and says the tunnel project would eliminate that danger.

LONDON — Oil producer group OPEC on Thursday kept its 2021 forecast for global oil demand growth unchanged, but warned uncertainties over the impact of the coronavirus pandemic remain high. The closely-watched oil market report comes as coronavirus cases continue to surge worldwide, with new lockdowns imposed in Europe and parts of China. The 13-member group said it expected global oil demand in 2021 to increase by 5.9 million barrels per day year-on-year to average 95.9 million barrels per day. The group said world oil demand growth in 2020 declined by 9.8 million barrels per day year-on-year to average 90 million barrels per day. "Accordingly, oil demand is anticipated to rise steadily this year supported primarily by transportation and industrial fuels," the group said.

TRAVERSE CITY, Mich. – Enbridge said Tuesday it would defy Michigan's demand to shut down an oil pipeline that runs through a channel linking two of the Great Lakes, contending that Gov. Saying Enbridge had repeatedly violated the terms and put the lakes at risk, Whitmer gave the company 180 days — until May 12 — to turn off the flow. Enbridge filed a federal lawsuit challenging the order shortly after it was issued. Enbridge has “no intention of shutting down the pipelines based on these unspecified allegations," Koby said in an interview. The company is seeking state and federal permits for the $500 million project, which is not affected by the shutdown order.

Enbridge Inc. is suing the state of Michigan for taking steps to shut down the company’s oil pipeline that runs under the Straits of Mackinac. Gretchen Whitmer notified Enbridge that the state was revoking an easement granted in 1953 that allowed an extension of the Line 5 oil pipeline to run through the Straits of Mackinac. We remain highly committed to protecting the Great Lakes, the environment, and all the people who use these waters while delivering energy that people rely on daily. “They have repeatedly violated the terms of the 1953 easement by ignoring structural problems that put our Great Lakes and our families at risk. Today’s lawsuit filed by Enbridge brazenly defies the people of Michigan and their right to protect the Great Lakes from a catastrophic oil spill.

DETROIT – The stock market took hits Monday, but there is gain among those losses. Stocks had their worst day since the 2008 shutdown, fueled by coronavirus fears and a fall in oil prices. MORE: Dow drops 7.8% as free-fall in oil, virus fears slam marketsWhile the market is feeling pain, there’s some benefits consumers can expect as a result. Right now, the 30-year fixed rate is 3.15 percent. The 15-year fixed rate is 2.8 percent.

MACKINAW CITY, Mich. – A 200-foot-long broken boring pipe remains embedded in the Straits of Mackinac and may not be recoverable by a company that operates a fuel pipeline, officials said. Enbridge Inc. retrieved a broken 45-foot rod in December and told state regulators that a pipe of similar length remained. But the leftover pipe actually is 200 feet long, the Detroit Free Press reported Wednesday. The broken pipe was related to a project last summer. “I don't expect much would be done (to recover) that remaining 200 feet of grout rod," Haas said.