Marathon Petroleum Co. is targeting its Detroit refinery for a $1 billion upgrade that would allow the facility to process Canadian crude oil. Such a move would add 135 jobs to the refinery and increase gasoline supplies in Michigan

Keep two things in mind:

An economics teacher once said in class that if the oil companies start investing in domestic refineries, it’s a sure sign we’ve living in the end times. He was joking but made his point. More refineries means more fuel… more fuel (higher demand) means lower prices. No, I don’t expect us to go back to $0.89 9/10, but it may make a dent in our uncharacteristically high fuel prices compared to the rest of the nation. Let’s see where this goes…