John R. Coughlin <p>Oil prices have dipped into bear market territory and gasoline prices have followed, falling every day since June 2, according to AAA.</p> Posted at 2:34 PM, Apr 13, 2020 and last updated 2020-04-13 14:34:57-04 Gas prices in Michigan dropped 9 cents compared to a week ago, AAA Michigan reports. Drivers are now paying an average of $1.53 per gallon for regular unleaded, the lowest price seen since February 2016. The price is 60 cents less than this time last month.