Today: 15 May 2026
Whitmer Declares Michigan Energy Emergency to Cut Gas Prices Near $4
3 April 2026
1 min read

Whitmer Declares Michigan Energy Emergency to Cut Gas Prices Near $4

Lansing, April 2, 2026, 18:05 (EDT)

Michigan Gov. Gretchen Whitmer on Thursday called a state of energy emergency and halted the planned May 1 move to stricter summer gasoline standards for eight southeastern counties, aiming to relieve some of the burden on motorists facing higher pump prices. Executive Order 2026-4, according to her office, allows stations to keep selling a cheaper, higher-vapor-pressure blend—typically 10 to 20 cents per gallon below the costlier summer fuel.

The clock’s ticking. On Thursday, AAA pegged Michigan’s average for regular gas at $3.886 a gallon—jumping from $2.989 just a month before. Starting May 1, the EPA’s national emergency waiver will kick in. Administrator Lee Zeldin expects the move will help keep prices “affordable” this summer, saying it expands both supply and choices for drivers. AAA Fuel Prices

The order revolves around Reid vapor pressure, or RVP—a gauge for gasoline’s volatility. In Wayne, Oakland, Macomb, Washtenaw, Livingston, Monroe, St. Clair and Lenawee counties, Michigan usually enforces a summer cap of 7.0 psi to curb ozone. That state limit is now on hold, aligning temporarily with federal relief measures.

This hits hardest in Detroit and neighboring counties, where the stricter summer rule is enforced. According to Whitmer’s office, about 5 million people live across those eight counties. Drivers in the rest of Michigan? They’re already able to purchase the less expensive blend, no waiver needed.

Whitmer called the step necessary, though limited. “I can’t end a war overseas,” she said, nor can she change federal policy. Her goal: to offer Michigan drivers some relief at the pump, as families cope with rising costs on fuel and groceries. WDIV

The fuel situation keeps deteriorating. U.S. gasoline just broke above $4 a gallon—something we haven’t seen since 2022. Crude has soared over 10% this week after President Donald Trump’s latest comments on Iran, according to Reuters. Patrick De Haan at GasBuddy warned the national average could land between $4.25 and $4.45 as soon as next week. If the Strait of Hormuz stays shut, that number could blow past $5 in a month.

De Haan told AP the pain won’t just be at the pump. Higher diesel and gasoline prices, he said, translate to “rising grocery prices” and “a rise in U.S. inflation.” National average for diesel landed at $5.45 a gallon. AP News

There’s a catch here. Whitmer’s order kicked in right away but expires by July 1 unless the legislature decides to push the emergency further. Wholesale gasoline prices around the Great Lakes had already jumped 17 cents a gallon by midmorning Thursday, according to Reuters and Gulf Oil adviser Tom Kloza. Michigan’s waiver might soften the blow, but if global supply keeps tightening, that relief could be limited.

Stock Market Today

  • Capital One Financial Series J Preferred Stock to Trade Ex-Dividend on May 19, 2026
    May 15, 2026, 2:24 PM EDT. Capital One Financial Corp's 4.80% Series J preferred stock (COF.PRJ) will trade ex-dividend on May 19, 2026, with a quarterly cash dividend of $0.30 payable on June 1, 2026. The dividend yield stands at approximately 6.60% annually, slightly below the 6.65% average yield in the financial preferred stock sector. Based on the recent share price of $18.05, shares are expected to open about 1.66% lower on the ex-dividend date. On the same Friday, COF.PRJ shares fell 0.7%, while Capital One common shares (COF) gained 0.8%. COF represents 5.35% of the Amplify Digital Payments ETF (IPAY), which declined 0.6% that day. This dividend continues Capital One's consistent payout pattern for preferred shareholders.

Latest articles

Palantir’s Ukraine AI Push Puts PLTR Stock in a Human-Rights Crossfire

Palantir’s Ukraine AI Push Puts PLTR Stock in a Human-Rights Crossfire

15 May 2026
Palantir Technologies faces renewed investor pressure after shareholders representing $336.1 billion backed a call for an independent human-rights review of its software. The push comes as Palantir’s AI tools draw attention in Ukraine, where CEO Alex Karp signed a data-sharing deal with the military. Shareholders will vote on disclosure and rights proposals at the June 3 annual meeting. Palantir’s board opposes the measures.
American Airlines Adds 23,000 Football Seats. The Bigger Test Comes After Kickoff

American Airlines Adds 23,000 Football Seats. The Bigger Test Comes After Kickoff

15 May 2026
American Airlines will add more than 23,000 seats on over 80 routes for pro and college football travel this fall. The carrier’s shares fell 2.1% Friday afternoon, with Delta and United also down. American posted a first-quarter net loss of $382 million despite record revenue, and faces continued pressure from high fuel costs and debt.
Archer Aviation’s $8 Million Vendor Share Filing Puts Cash Burn Back in Focus

Archer Aviation’s $8 Million Vendor Share Filing Puts Cash Burn Back in Focus

15 May 2026
Archer Aviation registered 3.27 million shares for resale and plans to issue up to $8 million in stock to vendors, according to a new SEC filing. The move comes days after Archer reported a first-quarter net loss of $217.7 million and revenue of $1.6 million. Shares fell about 4% to $6.13 in New York trading. Archer ended March with $1.78 billion in cash and short-term investments.
UiPath’s AI Push Sets Stage Ahead of Earnings; PATH Shares Climb

UiPath’s AI Push Sets Stage Ahead of Earnings; PATH Shares Climb

15 May 2026
UiPath shares rose 7.4% to $10.39 Friday after the company launched Global AgentHack 2026, a developer contest focused on its new coding-agent platform. Trading volume hit nearly 29.9 million shares, with call options activity at 1.4 times the norm. The hackathon offers $50,000 in prizes and runs through June 29. Investors are watching to see if AI agents will boost or threaten UiPath’s automation business ahead of May 28 earnings.
American Airlines Group Inc. Gets Australia Reprieve on Qantas Alliance as Fuel Costs Rise
Previous Story

American Airlines Group Inc. Gets Australia Reprieve on Qantas Alliance as Fuel Costs Rise

Ambev S.A. Gets February Lift From Brazil Beer Data as April Vote on Payout, Capital Increase Nears
Next Story

Ambev S.A. Gets February Lift From Brazil Beer Data as April Vote on Payout, Capital Increase Nears

Go toTop