Crude oil prices are down, but oil giants' profits are stable
They're making less on crude, more on refining it.
Source: marketplace.org
Stay updated with breaking news from David Ruisard. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
They're making less on crude, more on refining it.
According to AAA, the average price in Michigan is now just slightly below four dollars at $3.94 per gallon.
Whitmer supports suspending the state's sales tax. She also is urging congress to suspend the federal gas tax, which is roughly 18 cents per gallon.
Experts warn another spike could be on the way as the seasons begin to change.