WTI Crude for September is down nearly 5% today. http://www.marketwatch.com/investing/future/crude oil - electronic The price per barrel is down to $40.64 as of 3:42 PM EDT. Gasoline prices for October delivery are down 7 cents. They're still almost 20 cents over the lows from the early Spring 2015 period. This is great news for us who want to save money on gasoline, but the shit is hitting the fan right now in Venezuela, Russia, Saudi Arabia and other friendly places. Not that I want all of them to be too comfortable, but crazy things happen when countries go broke. I doubt that Venezuela survives intact for 12 more months. With their gross mismanagement, they're probably pumping oil above cost at this point. I rented a VW Passat for a business trip yesterday. I swear to you it got 47MPG on the highway, and I drove 700 miles before I needed a fill-up. I only spent $40.50 in gasoline to make the trip!