Oil is under $40 a barrel at the moment. There’s no reason to think gasoline won’t soon be under a buck a gallon, in some places at least. You can get regular for $1.27 a gallon in Cheyenne, Wyoming.
Is this good news or bad news?
[Update: I don’t recommend driving to Cheyenne to buy gas. It just seems to have the lowest price in the country at the moment.]