Gas Prices Soar as Oil Tops $100 Per Barrel Amid Global Energy Crisis

Michigan gas prices have skyrocketed to $4.54 per gallon, surpassing the national average of $4.36 per gallon due to escalating tensions in the Middle East.

The sudden surge in fuel costs is attributed to a series of severe geopolitical disruptions threatening global energy supplies.

Retailers are experiencing a margin squeeze because pump prices have yet to catch up with massive, previous wholesale hikes, leading to sharp overnight increases at the pump.

Oil prices remain above $100 per barrel, with diesel prices in some areas nearing $7.00 per gallon.