In the summer of 2008 I paid $4.75 per gallon for a fill-up in rural Northern California. I won’t forget that pinnacle gas price anytime soon. It cost me almost $100 that 102 degree summer day to fill the tank of my jeep. I would have NEVER believed anyone who told me that a few years later, the ongoing global oil price war being waged by OPEC would drop the price of gas in the USA back down to less than $2.00 a gallon. That didn’t seem possible at the time.
Yesterday we hit a new low water mark in the “new” gas wars of recent years. The price of gasoline temporarily dipped all the way down to 47 cents a gallon in Michigan as competing gas stations lowered the bar, again and again, vying for customers.
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