Whaaat? Gas Price Temporarily Dips to 47 Cents a Gallon in Michigan as Price Wars Rage

Alt News Reports

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.

So we all know that the price of gasoline is pegged to the…

View original post 210 more words

Advertisements

Go ahead and sound off! Thanks.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s