For those of you old enough to remember a time when gas was cheap, you probably experience plenty of nostalgia every time you watch an old movie, and catch a glimpse of a gas station with sub-dollar prices. Believe it or not, you can experience those prices once again if you happen to be passing through Michigan. For the first time in years, there are several gas stations in the area where you can buy a gallon of gas for less than a dollar.
The slump in global oil prices has already pulled prices down across the country, but three gas stations in Houghton Lake, Michigan are involved in price war that has driven prices even lower. The local Citgo Station is selling for 95 cents a gallon. The Beacon and Bridge gas station is selling fuel for 47 cents a gallon, and the Sunrise Marathon is selling for 46 cents a gallon. Not surprisingly, there have been long lines at these stations all weekend, and police officers have been deployed to direct traffic.
And if you can believe it, oil prices may still have a ways to go, with some experts predicting that it could fall to $20 per barrel or less. One Koch Brothers owned refinery claimed that they would need to be paid 50 cents a barrel to break even on a low-grade oil, that would have netted them nearly $50 a barrel last year. It’s safe to say that the gas station situation in Houghton Lake may be replicated in other parts of the country in the near future, so enjoy the low gas prices while they last.
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.
Whether any liberty-activist realizes it or not, this is the most important thing going on in our nation. It’s hard to believe I am the first to comment on the article. To illustrate my point: if that which fuels the harnessed-energy sources were as readily available as the air we breath, it would be literally impossible for tyrants to control anyone. Powering your home and our transportation would be free. Food would be very close to free, as well. One or two humans can move a whole freight train of 100 or so cars, for the cost of their labor and the mortgage on their equipment. This frees up our time to act as vigilant as need be. Just look what the young crowd of the Free State Project “early movers” are doing now. Imagine if this pack were free of any real financial burdens? What will happen when 20k gather in that little state? Again, imagine what would happen if they were all financially unfettered? Fascinating prospects!
Oil is not peak and does not come from fossils.
It is naturally occurring inside the earth – from the spinning and lava to cooling.
It would be nice to cut the chain.
Maybe the Iranians and probably all of the middle east want to put others out of business. Especially the U.S.