LOWELL, Mich. (WOOD) — Prices continue to drop at the pump, with the cost of gas as low as $2.14 per gallon in West Michigan on Sunday.
According to GasBuddy.com, the lowest prices were in Lowell, where regular unleaded was $2.14 per gallon at one station and only a couple of cents more at another. GasBuddy said prices there were unlikely to decline any further.
In Grand Rapids, gas was around $2.30 per gallon on Sunday, and prices were expected to go down. Gas prices haven’t been this low since 2010.
>>Inside woodtv.com: Gas prices
Michigan’s current statewide average is about $2.48 per gallon, about 19 cents less than last week’s average and about 68 cents less than this same time last year.
The low prices are expected to stick around until after the holiday travel season.
“We don’t see another significant increase until late winter, early spring,” Patrick DeHaan, the senior petroleum analyst at GasBuddy.com, told 24 Hour News 8 in a Sunday phone interview. “I believe for the next two to three months, prices will remain under $3 a gallon.”
Prices have been dropping because global supply is increasing and demand is decreasing.
“The gas prices are great. You can afford to go places. You can afford to buy more things,” said driver Kelli Hults as she filled up at the Meijer gas station in Lowell, where gas was $2.16 per gallon.
Hults, a mother of two, said that she appreciates any savings around the holidays.
“Instead of spending $70 to fill your tank, you’re spending $55,” she said.
Gas prices are expected to start rising again after April, which is when they typically increase going into summer. But the lower starting point may mean lower prices for longer.