Energy Information Administration (EIA)
Coverage of Energy Information Administration (EIA) in the Nexus archive.
- AAA: Michigan gas prices see double-digit drop since last week
Gas prices across Michigan have dropped 21 cents since last week, resulting in a statewide average cost of $4.15 per gallon for regular unleaded. Motorists are getting relief at the pump, though Metro Detroit remains about 98 cents more than this time last year. The article noted decreases in domestic gasoline supply and production according to the EIA.
- Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple
President Donald Trump is frustrated that gasoline prices have not declined as rapidly as oil prices following reduced tensions with Iran. He accused oil companies of not passing savings to consumers, prompting the Justice Department to investigate potential price gouging. Experts explained that gasoline prices depend on factors beyond oil costs, including taxes, refining, and distribution delays.