Overview
- The national average for regular gasoline rose 2.5 cents over the week to $3.00 per gallon, according to GasBuddy.
- Michigan’s average jumped 29 cents to $3.08, with Lansing up about 45 cents to $3.12, AAA and GasBuddy data show.
- A fire and power outage at BP’s Whiting, Indiana refinery partially idled operations for several days; BP says units are back online.
- EIA data for mid‑October reported U.S. crude inventories down about 1.0 million barrels and gasoline stocks lower by 2.1 million, signaling tighter supply.
- Fresh U.S. sanctions on major Russian oil companies supported crude price gains, adding upward pressure even as analysts foresee relief as Midwest refining normalizes.