12/30/2014 Upper Michigan — Something I never thought I’d see with my own eyes heading into 2015… gas prices below $2/per gallon. That’s right, some parts of Upper Michigan are now seeing gas prices below $2/per gallon. While most parts of Marquette County are currently sitting at about $2.26/gallon for regular unleaded, many parts of the Country are now witnessing gas prices below $2/gallon.
Since October, gas prices have tumbled over $1 lower than they were just one year ago. Just what exactly is going on you may ask?? Well, Oil prices are tumbling to prices not seen since the recession in 2008. On tap of that.. we have more gas reserves than we know what to do with across the United States. More and more Americans are also driving fuel efficient vehicles which is leading to less gas being pumped. This is the whole process of supply and demand at work!
I don’t know about you, but I love the fact that I can fill up my tank for less than $30! I can’t remember the last time I could do that! I’m paying less at the pump, and getting more bang for my buck! I hear gas prices in Baraga are currently sitting at $1.98/gallon. I’ll be sure to take a picture when I head up to the Copper Country this week! This is something we may never see in our lifetimes again….
Be sure to check out the current price of a barrel of oil here.
Keep up to speed on the prices of gas across the state of Michigan here.
Enjoy!
-Eric Scott
