Gas price hits 47 cents a gallon in Michigan

Posted at 5:11 PM, Jan 18, 2016
and last updated 2016-01-18 17:11:18-05
The price of gas hit a stunning low -- just 47 cents per gallon -- in Michigan on Sunday.
Michigan was the first state to have gas under $1 in likely over a decade, Patrick DeHaan, senior petroleum analyst at, told ABC News today.
A gas station in Houghton Lake, Michigan, hit the 47 cents mark after a price war between three stations in the town, DeHaan said.
News of the prices went viral when gas was selling for 78 cents.
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"This is something we don't see often at all or ever," DeHann said. "That's unheard of."
DeHann said he believed the next lowest price in the country was about $1.29, at a station in Virginia.
Gas prices in the U.S. are averaging at $1.889 today, down over 17 cents from last year's average of $2.061, according to Low gas prices can likely be attributed to low oil prices, as oil supply stays high and oil demand stays low, DeHann said.
The highest national average was $4.12 in 2008, DeHann said. In terms of individual gas stations, prices have gone as high as $6 a gallon, he said.