COLDWATER, MI (WTVB) – Drivers around the area are now paying the lowest prices for gas in months.
Prices in Quincy Friday dropped to $1.59 per gallon, while to ranged from $1.97 to $1.99 per gallon around Coldwater.
Several Detroit area gas stations dropped prices to $1.39 per gallon, while the price ranged from $1.58 to $1.73 in the Lansing area. In the Traverse City area, prices ranged from $1.68 to $1.86 per gallon, while prices in Sturgis ranged from $1.59 to $1.65 per gallon.
The national average currently stands at $2.19 for a gallon of regular gas, the lowest it’s been since early December 2016. That’s down 13 cents from a week ago and 36 cents lower than a year ago.
Oklahoma is the cheapest, with a cost per gallon of regular going for $1.84. Hawaii and California are the two most expensive states for a gallon of regular, at $3.52 and $3.28 respectively.
Retail gas prices have been falling steadily for several weeks because of intensifying recession fears sparked by the coronavirus pandemic and a fight between Russia and Saudi Arabia over their roles as price stabilizers.
