Free Trial

Michigan lifting some fuel rules after Indiana refinery fire

LANSING, Mich. (AP) — Michigan Gov. Gretchen Whitmer issued an executive order Saturday lifting some rules on fuel supply transportation in response to an Indiana oil refinery fire that could affect supply and prices in some Midwestern states.

Whitmer's order lifts caps and limits on the hours that motor carriers and drivers can drive if they are carrying gas and diesel. It also suspends some rules that will allow the state to access its fall gasoline supply early, although that order is contingent on the U.S. Environmental Protection Agency making similar allowances, The Detroit News reported.

BP said its refinery in Whiting, Indiana, along Lake Michigan's shoreline about 15 miles (24 kilometers) southeast of Chicago, experienced an electrical fire Wednesday. No one was hurt, and the fire was put out, but it forced at least part of the refinery to shut down, according to the company.

The refinery provides about 20% to 25% of the gasoline, jet fuel and diesel used by Michigan, Wisconsin, Indiana and Illinois, Whitmer’s office said.

BP spokeswoman Christina Audisho said the company was working with local and state agencies to “monitor the impact” and was still assessing when affected units can restart.

The fire prompted the U.S. Federal Motor Carrier Safety Administration on Wednesday to declare a regional emergency in the four affected Midwestern states that also lifted driver limits.

Whitmer's order remains in effect until Sept. 15 or through the “duration of of the supply challenges.”

Should You Invest $1,000 in BP Right Now?

Before you consider BP, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.

While BP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
BP (BP)
3.717 of 5 stars
$31.272.5%6.08%-67.98Hold$34.72
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Recent Videos

The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines