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oil prices

ExxonMobile Posts Record Breaking Quarterly Profit
David McNew, Getty Images
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Oil Prices Hit 8-Month Low, Will Relief Reach Us?

8 months ago, the price of a barrel of crude oil was selling on the commodities market for around $140. Today, the price of that same barrel of oil is just a little above $81. So why are prices at the pump not falling in proportion to the price of oil?

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U.S. Gas Prices Soar To Record National Average
Justin Sullivan, Getty Images
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Wholesale Petrol Prices Keep Falling, So Why Do Gas Prices Keep Rising?

A good friend of mine just returned from a trip to Alabama. On his journey, he found gas prices as low as $3.12 a gallon for unleaded. The highest price he paid? In Michigan, of course. Local gas prices took a 30 cent hike again today despite wholesale prices that continue to fall.

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ExxonMobile Posts Record Breaking Quarterly Profi
David McNew, Getty Images
[

Price of Oil Falls to Seven Month Low, Gas Prices to Follow?

Gas stations in mid-Michigan raised their prices for the Memorial Day holiday weekend on Tuesday this year, catching most of us by surprise. This despite the fact that wholesale prices for crude oil and unleaded gasoline have continued to decline.

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