With Saudi Arabia promising to maintain its current petroleum production levels and recently revoked Iranian sanctions on gas imports, the price of a gallon of unleaded has reached lows reminiscent of the last century. Prices have gone so low for a gallon of gas that in some places it has dropped below a buck a gallon.
A small price war has even begun in a city on Michigan. Local stations reported that three different stations have dropped their prices to under fifty cents a gallon. If you happen to live nearby, feel free to fill up a bucket of the stuff for a rainy day.
While there are macroeconomic issues at play over the current price of a drum of petroleum, the consumer has never been so lucky. As the economy is still recovering from the calamitous Great Recession of 2007, the average river is at least catching a break at the pump.
Read more about the price wars in Michigan on page 2.
who cares about that$#%&!@*- that don’t make up for anything
That’s crazy… too low
Obama’s brotherhood present in exchange for America.
Do you guys ever proofread?
It was gas wars between a couple gas stations.
its winter here never let it get below a 1/4 tank.,,,when was the last tine you filled up for less than $5
Get ready people, market prime for crashing!
Bull… that does not even cover the races imposed on the station
WOW.
Yep, and in states where oil and gas are produced are still paying over 1.50$ per gallon.