Black gold as oil is sometimes called is at the lowest price are the lowest they have been in years! With oil selling for around $30 a barrel we are seeing prices at the pump of under $2 a gallon, down from over $4 a gallon not too long ago. This price drop could potentially save the consumer thousands of dollars per year. Economists are calling this a mini economic stimulus due to the fact the savings will turn to more consumer spending on other items. As with most good things there is a downside and in this case is the massive layoffs that have occurred in the oil industry. The big 3 (chevron,BP,Shell) cut over 20k jobs just last week, and the smaller business that have fed that continue to lose jobs because of the slowdown in drilling and capital spending. So depending on what side of the coin you are on this dropping of oil prices could be very good.