In Michigan, gas price drops to 47 cents a gallon

Drivers in Michigan were surprised on Sunday when gas prices didn't go up, but rather hit a new low — 47 cents a gallon.

The cost was the result of a price war between three gas stations in Houghton Lake, Patrick DeHaan, senior petroleum analyst at GusBuddy.com, told ABC News. He added this was likely the first time gas went under $1 a gallon in the United States in more than a decade. "This is something we don't see often at all or ever," he said. "That's unheard of."

It's believed that the next lowest price in the nation is $1.29 a gallon at a station in Virginia, DeHaan said. GasBuddy.com says gas prices in the United States are averaging $1.889 today, down from last year's average of $2.061. DeHaan said cheaper prices at the pump are due to low oil prices, as well as high supply and low demand for oil.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.