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August 21, 2007
By ALEJANDRO BODIPO-MEMBA
FREE PRESS BUSINESS WRITER
Michigan gasoline prices hit $3 after rising 3 cents overnight, according to AAA Michigan.
It is the first time fuel prices have averaged $3 or more since July 25 when it was $3.03 a gallon. The all-time record of $3.53 a gallon was set on May 26.
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?The main reason was the concern about Hurricane Dean and also because Labor Day is coming up and gas prices tend to go up as you get closer to any of the holidays,? said Nancy Cain, a spokeswoman for AAA Michigan in Dearborn.
Hurricane Dean hit central Mexico overnight and missed domestic oil production in the Gulf Coast region. As a result, oil prices on the New York Mercantile Exchange fell below $70 a barrel to $69.10 at 1 p.m. Tuesday.
Contact ALEJANDRO BODIPO-MEMBA at 313-222-5008 or abodipo@freepress.com.
Laborer
Hey bill go to Michigan.gov. you might learn somthing ,"might"
In 2006, Governor Granholm announced the approval for the state's first Renewable Energy Renaissance Zone, a 25-acre site in the city of Adrian. Renaissance zones are geographic areas that are virtually tax-free for any business or resident that moves into or is located in one of the zones. The Michigan Renaissance Zone Act was enacted to encourage commercial, industrial, and residential improvements in economically distressed areas in the state.
Governor Granholm has a comprehensive economic plan to grow and diversify Michigan's economy. As part of the plan, the state's alternative energy sectors are being targeted to help revitalize Michigan's economy. Recent alternative energy investments are making Michigan a leader in alternative energy technologies across the board. These investments include:
- The 21st Century Jobs Fund targeting $50 million for the research, development, and commercialization of alternative energy and renewable energy projects in the state;
- Mascoma Corporation, choosing Michigan as the place to build a cellulosic ethanol plant;
- Hemlock Semiconductor, the world's leading producer of polycrystalline silicon for solar cells, investing $1.5 billion for three recent expansions in Michigan;
- United Solar Ovonic, which produces some of the world's most advanced solar panels, adding three new plants in Auburn Hills and Greenville; and,
- John Deere Wind Energy, building the state's first commercial wind farm in the Thumb region.
"Companies like NextDiesel are investing in Michigan because they are confident our state is the right place for them to thrive," Granholm said. "We must take advantage of our rich natural resources, our agriculture sector, and our high concentration of engineering and science talent and make smart decisions that will diversify our economy."
Posted: Sat Aug 25, 2007 9:07 am
bikerbill
This isn't rocket science. The whole sale price of gasoline has been below $1.90 for more than 9 days which means that by the time you add the various taxes, and adjust even more for Grandhomes sales tax gains, you have some major profits being taken in Michigan...no if ands or buts.
But since our Governor doesn't care what the gas price is, at least until there is another election when she can spout tons of rhetoric, she will continue to have a zero energy policy in this state and will turn a deaf eye to gas stations ripping the public off.
Oh, and yes I am applauding BP decision to NOT increase the polution allowed to be dumped into the great lakes. Long ago, I learned that the solution to polution is not dilution.
In leu of the water shortages across the country, I believe we should maintain CLEANER water, not allow it to get worse no matter if that means paying more money for gasoline or any other thing.
Here is a news flash....refining doesn't have to involve poluting the lakes. And if that is the only way to increase production, then ride a bike so that someday, somebody can drink clean water. Water first, gasoline second unless you live in the middle east. Then all rules are off...go ahead and kill each other...the more the better.
Posted: Fri Aug 24, 2007 7:48 pm
gosbuxgo
Good to see posters such as slulion and SpottyB understand the issues involved! Keep up the good posting!
Freedom!
Mike A. Smith
Posted: Fri Aug 24, 2007 11:32 am
SpottyB
I think this article ties in so nicely with the one about BP bowing out of their expansion of a refinery in Indiana due to public pressure over increased pollution. How many of you are cheering that "victory" and at the same time accusing them of gouging?
Posted: Fri Aug 24, 2007 11:29 am
slulion
From what I gather most of you define "price-gouging" as a company, almost always in the gasoline industry, charging more than you would like to pay. You don't believe any price hikes are justified. No market forces should ever be taken in to account. You and you alone know what the "correct" price is of a gallon of gasoline.
I recently made my escape from Michigan and now I reside in New Orleans. On my way home from school yesterday I saw gas priced at $2.59/gallon. Assuming all of this talk of price-gouging is true why aren't the prices here the same as they are in Michigan? Do the oil companies hate the people of Michigan and favor those in Louisiana? Surely there are plenty of people in the area that can be further "gouged" to help increase oil company profits. The more logical explanation is that Southeast Louisiana is home to a large number of oil refineries that process crude oil from local sources, thus cutting down on transportation costs. If one company wants to charge considerably more for their product other companies will get all of the business.
If you people really want to get back at the oil companies how about finding new ways of finding the energy needed to get around town and heat your homes? As the price of traditional gasoline goes up how about finding a way to distill your own ethanol? Maybe you can ride your bike to work a few days a week. Instead these and many other options you want to be lazy and force others to provide for you. Take some initiative!
Posted: Fri Aug 24, 2007 11:16 am
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