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Michigan first state to have gas below $1/gallon

Posted at 7:50 PM, Jan 17, 2016
and last updated 2016-01-18 19:52:24-05

Michigan has become the first state to welcome back gas prices below one dollar. Yes, you read that right – less than a dollar!

That’s according to GasBuddy.com, which says on Sunday gas was 78 cents per gallon at a gas station in Houghton Lake, Michigan, where another gas station was offering gas at 95 cents per gallon.

GasBuddy.com says the low prices at the gas stations were the result of a price war. Other media outlets report gas prices sunk even further and police had to direct traffic as long lines of cars waited to take advantage of the gas station spate.

According to GasBuddy.com, prices returned to a more normal $1.47 per gallon on Monday. Prices are higher than that in other parts of Michigan but still less than what we pay in Buffalo. In Metro Detroit, the average price per gallon is $1.73.

The average price nationally for a gallon of gasoline is $1.89.

In Buffalo, gas costs $2.13 per gallon on average, though some stations are offering it for less than that, especially stations that offer deals and discounts. Some industry insiders see gas going below $2 per gallon before the end of winter.

At this time last year, gas cost $2.70 per gallon in Erie County.

For a look at state-by-state gas prices, click here.

 

 
 

 

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