Gas price drops to 47 cents a gallon in Michigan after ‘price war’
HOUGHTON LAKE, Mich. (Jan. 18, 2016)– An apparent gas war in Michigan on Sunday forced the cost of a gallon of gasoline to plummet to 47 cents a gallon.
According to WXMI, the Beacon and Bridge Market in Houghton Lake was selling gas for 47 cents a gallon on Sunday night.Prices reportedly dropped from 95 cents, to 78 cents and eventually to 47 cents before the “price war” ended.
Several other nearby gas stations were also selling gas for below $1 on Sunday, according to several reports.
Prices returned to “normal” on Monday. According to Gas Buddy, the Beacon and Bridge Market is selling gas for $1.43 as of 12 p.m. ET.
A spokesman at the gas station’s corporate office told NBC News they will not comment on whether prices will drop again.
The average cost of a gallon of gas is $1.889, which is down 17 cents from last year.