Peace talks break down, fuel price impact continues
Oil prices surged again Monday after President Trump's dismissed Iran's terms for a potential peace deal.
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Oil prices surged again Monday after President Trump's dismissed Iran's terms for a potential peace deal.
Drivers in Metro Detroit and across the Midwest are finally seeing prices at the pump drop slightly, but experts say there's no reason to expect them to fall much further than we're used to.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
While the spike is straining household budgets for commuters, boaters say marine fuel prices rise even faster.
A round trip from Detroit to Mackinaw City would cost $103.95 in gas at current prices in a vehicle that hits 27 miles per gallon, AAA says.
Diesel prices hit a record high in Michigan over the weekend, with regular unleaded gas prices also noticeably high
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
President Trump says he's looking over a new 14-point proposal from Iran that could end the war, though he's unsure whether it will lead to a peace deal. Wendy Gillette reports.
President Trump on Friday rejected Iran's offer to end the war with the U.S. A ceasefire established over three weeks ago is still ongoing. Wendy Gillette reports.
Michigan motorists paid an average price of $4.86 for a gallon of regular unleaded on Friday, when the national average was $4.39 a gallon.
Michigan's average gas prices went up 28 cents per gallon for regular unleaded fuel between Thursday and Friday morning.
On Wednesday, the average price in Michigan was $4.25, according to AAA. Within 24 hours, the state average price rose by 33 cents to $4.58.
Photos of gas price signs have been trending on social media during the past few days, as motorists take note of a spike in fuel prices.
Photos of gas price signs have been trending on social media during the past few days, as motorists take note of a spike in fuel prices.
To put the pricing in perspective, AAA says it would cost $49.82 in gas to make a round trip from Detroit to Grand Rapids in a vehicle that gets 27 mpg.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
Gas prices in Michigan have gone up 19 cents in the past week, topping $4 a gallon again, AAA-The Auto Club Group says.
Michigan's gas prices have topped $4 a gallon again. Here's the latest rundown from the AAA fuel price tracker.
AAA says Michigan drivers are now paying an average of $3.83 per gallon for regular unleaded fuel.
The cost of unleaded regular gasoline in Michigan has dropped 15 cents in the past week, according to AAA.
Michigan gas prices fell 14 cents during the past five days, with motorists paying an average of $3.84 a gallon on Saturday, AAA says.
President Trump says war with Iran is "close to over." CBS News has this report.
Gas prices in Michigan were hovering around $4 a gallon for regular unleaded fuel Monday morning, AAA says in its weekly price report.
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
