Price War Drops Gas to 47 Cents in Central Michigan
The price of gas at stations in Houghton Lake, Michigan dropped well below $1 per gallon on Sunday.
The Beacon & Bridge Market was selling regular unleaded at a mere $.47 per gallon Sunday evening, while the Marathon and Citgo had gas for $.95 per gallon at one point, according to a release from Gas Buddy.
The drop seemed to be the result of a price war, Gas Buddy said.
The stations could be the first in the nation to drop their prices below $1 per gallon in years, Patrick DeHaan, Gas Buddy’s senior petroleum analyst, said in a Sunday email.
Houghton Lake is in central Michigan.
Closer to home, the average price for a gallon of gas in Tampa is $1.85, compared to the average price for a gallon of gas in the U.S. at $1.89, according to Gas Buddy.
This article originally appeared on News Channel 8.