As we all have probably noticed, unless you take a cab or public transportation in a major metropolitan area (excluding LA), oil and therefore gas prices have been dropping consistently over the past few months. More specifically, since July fuel has dropped in half, according to the linked article. I am far from an expert, but my review of the issue has this due to reduced fuel consumption, projected usage and other supply and demand factors.
Gas Prices Below $1.75?
Friday November 21, 2008