The price of crude oil continues to plummet. Crude is down another $4 per barrel in the last two days, and the price of gasoline is falling off a cliff. WTI Crude is down to $72.00 per barrel as I post this. Overnight, the price for gasoline dropped 6 cents in trading markets to $1.98 at the gate (the refinery). Add roughly 60 cents per gallon (delivery and taxes) and it means $2.58/gallon at the average gas station within a week or so. Not all states have the same taxes or proximity to refineries, so you might pay a bit more or less, but the trend is for cheaper gasoline. North America is on pace to be completely oil-independent within 18 months. We won't need a drop of foreign oil. Now, the bad news: * Venezuela is in the process of absolutely collapsing under the socialists. They get almost all of their money from oil. This further drop in oil prices will probably lead to civil war. * Russia is more likely to do something stupid as their oil revenue dwindles. Russia is a major oil exporter.