Michigan gas prices spike to $4.58, nearing $5 in some areas
Updated
Updated · Detroit News · Apr 30
Michigan gas prices spike to $4.58, nearing $5 in some areas
13 articles · Updated · Detroit News · Apr 30
AAA said the statewide average jumped 33 cents in a day and 71 cents in a week, while GasBuddy reported $4.99 at stations in Troy, Brighton, Grand Blanc and Metro Detroit.
Analysts linked the surge to fears of a prolonged Strait of Hormuz blockade amid U.S.-Iran tensions, plus outages and maintenance at major Midwest refineries including BP's Whiting plant.
Patrick De Haan said wholesale gasoline appeared to stabilise on Thursday, suggesting slight relief may come as refinery capacity returns, though prices remain near summer 2022 highs and below Michigan's $5.22 record.
A single refinery outage crippled Midwest fuel supply. How secure is the rest of the nation's energy infrastructure?
As record gas prices hit consumers, could this crisis be the tipping point for adopting sustainable alternative fuels?
With the Strait of Hormuz closed, is America’s emergency oil release enough to prevent a global recession?