Economy

Economy
8:38 am
Mon December 15, 2014

Price of gasoline continues to dive

DEARBORN, MI (AP)--   AAA Michigan says statewide gas prices have dropped about 19 cents a gallon in the last week to the lowest average in more than five years. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was $2.48 on Sunday. That's about 68 cents less than it was a year ago.

This is the fifth week in a row that the statewide average price has fallen.

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Economy
9:39 am
Thu December 11, 2014

Detroit officially exits bankruptcy

DETROIT, MI (MPRN)--   At the stroke of midnight, the city of Detroit officially exits of bankruptcy. Governor Rick Snyder has signed the order terminating the city’s emergency manager, and officially transferring control to the mayor and the city council. 

The action is something of a formality since Detroit Mayor Mike Duggan has had control over most day-to-day operations for months now.

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Economy
7:23 am
Mon December 8, 2014

Gas prices expected to keep falling

DEARBORN, MI (AP)--   AAA Michigan says statewide gas prices have dropped about 18 cents a gallon in the last week to the lowest average since August 2010. 

The auto club says the average price per gallon of self-serve regular unleaded gasoline was $2.68 on Sunday. That's about 56 cents less than it was a year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest price was $2.62 a gallon in the Flint area. The most expensive price was about $2.81 a gallon in the Marquette area.

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Economy
9:27 am
Wed December 3, 2014

MI jobless rate drops again

LANSING, MI (AP)--   The state says Michigan's seasonally unadjusted unemployment rate has fallen 0.3 percentage points in the latest month to 6.4 percent. 

The Michigan Department of Technology, Management & Budget released the October employment report Tuesday. The jobless rate was 6.7 percent in September and 8.2 percent in October 2013.

The department says October's unemployment rates ranged from a low of 4.1 percent in the Ann Arbor and the Holland-Grand Haven regions to a high of 8.1 percent in populous metropolitan Detroit.

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Economy
8:11 am
Mon December 1, 2014

This week's price of gas about the same as last week

DEARBORN, MI (AP)--   AAA Michigan says average statewide gas prices are relatively unchanged from last week, at about $2.86 per gallon. 

The auto club said Sunday that the past week's average for self-serve unleaded gas is about 37 cents less than it was one year ago.

Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest average price was about $2.82 a gallon in the Traverse City area. The highest average was about $2.91 a gallon in the Marquette area.

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