Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. CNBC and several local outlets reported that prices at two gas stations in Houghton Lake, Michigan, had dropped to below a half-dollar per gallon, while a nearby Citgo was filling cars for 95 cents a gallon. "There have been long lines at the stations for most of the weekend, according to the three stations, with police of...
Gas Selling For 47 Cents A Gallon As Oil Prices Drop Sharply
The Huffington Post - 18 Jan 2016 21:38
Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. CNBC and several local outlets reported that prices at two gas stations in Houghton Lake, Michigan, had dropped to below a half-dollar per gallon, while a nearby Citgo was filling cars for 95 cents a gallon. "There have been long lines at the stations for most of the weekend, according to the three stations, with police of...
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