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UPDATE: Gas Plummets to 47 Cents In Michigan

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Gas for .47 cents?! When is the last time you filled up for that?

It happened here in Michigan in a gas station war in Houghton Lake last night.

The Beacon and Bridge Market first dropped its prices to .78 cents a gallon, after Marathon and Citgo slashed their prices to .95 cents a gallon.

Then, that same station went even lower, going all the way down to .47 cents as shown in this photo from GasBuddy.com.