Average gas price below $2 per gallon in Michigan

Traffic

GRAND RAPIDS, Mich. (WOOD) — The average gas price in Michigan has just dropped below $2 per gallon for the first time since April 2016.

GasBuddy sent out an alert Tuesday that said the average price fell to $1.99 per gallon.

Michigan is now the 13th state where gas fell below the $2 mark. It joined Missouri, Oklahoma, Ohio, Texas, Arkansas, Louisiana, South Carolina, Mississippi, Alabama, Kansas, Kentucky and Tennessee.

>>Inside woodtv.com: Gas prices in West Michigan

According to GasBuddy, the top 10 lowest gas prices in the area can be found in Holland. The cheapest gas there is priced at $1.65 per gallon. In Kalamazoo, the average gas price at $1.88 a gallon and $1.98 a gallon in Grand Rapids. 

According to Forbes, the price drop has to do with increased production from Saudi Arabia, United Arab Emirates, Iraq and Russia.

Gas prices in 2019 will surge from current lows, according to GasBuddy.com. 

GasBuddy made a prediction on 2019 gas prices, saying this year will feature a yearly national average of $2.70 per gallon, which is a 3 cent drop in price compared to 2018.

It also warned buyers that the national average could surge to over $3 per gallon as soon as May this year.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Know something newsworthy? Report It!

News 8 Links