Gas Dips Below $1 A Gallon In Houghton Lake, Michigan

When do you last remember gas being under a dollar.. or just 78 cents a gallon?

Gas Buddy is saying there’s a price war going on at gas stations in Houghton Lake, Michigan – and as a result, we’re the first state in the union to see prices under $1 in years.

SUB-$1 GAS RETURNS: 78 cents per gallon- the current #gasprice at a station in Houghton Lake, Michigan pic.twitter.com/nllE5a6yLO

— Patrick DeHaan (@GasBuddyGuy) January 17, 2016

This is a photo from the Beacon and Bridge Market there, $.78 per gallon.

Gas Buddy is also reporting the Marathon there is at $.95 per gallon. They’re probably selling it below cost – as the “rack price” (that’s a price reported from a published survey of supplier prices without taxes, freight or superfund costs for gasoline and diesel fuel) in Detroit for regular unleaded is $1.07.

Isn't a thing of beauty? Nat'l avg currently at $1.935, -7.6cts from last wk #pricedeclines #cheapgas #happypumping pic.twitter.com/EvdcVyPuya

— GasBuddy (@GasBuddy) January 14, 2016

Nationally, gas prices are down 7.6 cents a gallon since last week. Just a couple of years ago, prices were north of $4.00 – showing how much gas prices can fluctuate.

Today, filling up the tank, it was $1.57 here in the City of Detroit.