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.
yeah, well we are still over $2.00 in upstate NY
$2.79 a gallon in San Jose……
this is a democrat trick to get you to vote for them soon as elections over if they win it will sky rocket Trump 2016
Yes Dianne, that is why it was so cheap under your last two repuke presidents ! THINK 4 TO 5 DOLLARS, DUMMY !
Coming to Utah soon…I hope!!!
America is the number 1 oil producer, how is this good for us…lol people happy that we’re loosing money simply driving.
Except Ca it’s it’s still 2.90 because every year the refineries manufacture a f**e shortage to inflate prices.
Look Theresa Hardee Currin.
What’s the only State that has imposed Sharia Law? Michigan. Dearborn to be exact. The city was filled with immigrants from Syria enough to vote in the terrible rapist, murdering laws and now they are the only state that is selling fuel below manafacturing costs? Hmmm! It’s not a conspiracy but an obvious showing of how the liar/traitor in office has shown love to her fellow false prophet buddies.
Pure manipulation of a commodity ——
Amazing.