HOUGHTON LAKE, Mich. (WOOD) — The price of gas at stations in Houghton Lake dropped well below $1 per gallon on Sunday.
The Beacon & Bridge Market in Houghton Lake was selling regular unleaded at a mere $.47 per gallon Sunday evening, while the Marathon and Citgo had gas for $.95 per gallon at one point, according to a release from GasBuddy.com.
The drop seemed to be the result of a price war, GasBuddy said.
The stations could be the first in the nation to drop their prices below $1 per gallon in years, Patrick DeHaan, GasBuddy’s senior petroleum analyst, said in a Sunday email.
Houghton Lake is in central Michigan, south of Grayling.
Sunday evening, the average price of a gallon of regular unleaded gas in Grand Rapids was about $1.74, according to GasBuddy. The Michigan average was $1.72, which was below the national average of $1.89. Crude oil was trading at $29.54 per barrel.