Price War Drops Gas to 47 Cents in Central Michigan

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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.

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