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.
Well that would be nice
But by law the station’s have to sell above what they pay for the gas
This is not good
That’s discrimination
Well.. If that is true must be paying very little for it.
I’m in Mi. and payed $1.74
Remember 1965, 8Cent per a Gallon
funny how everybody fails to mention the gas war, $0.469 only pays the taxes
Free leaded gas out of the tap water in Flint….
let it fall some more