No joke! Gas is 47 cents per gallon in one Michigan town

Posted at 10:36 PM, Jan 17, 2016
and last updated 2016-01-17 22:36:49-05

HOUGHTON LAKE, Mich. — An apparent gas war has forced the cost of a gallon of gasoline to plummet to some jaw dropping lows.

According to Gas, the Beacon and Bridge Market in Houghton Lake is selling gas for as low as 47 cents per gallon. Gas says the price of petroleum dropped from 78 cents per gallon earlier today and the sudden drops makes Michigan the first state to see prices below $1 per gallon in years.

Other media reports say rival stations in Houghton Lake have dropped their prices to match Beacon and Bridge.

No word on how long the prices will stay this low.