Several things are bringing the price of gasoline down, but in my opinion, the main reason is there is just so much oil out there that there was no way to keep the price that high. Once the President removed the bans on drilling, the possibility of the massive oil reserves that we have becoming available, really just exposed how fragile those prices were. The threory that China and India are using so much more wasn't really justified because there increased demand was not significant to what's available. It seems like almost every other month, a new massive oil field is being discovered!!! There is no oil shortage.
Eddie