"Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide.

The price drop has led to a near free fall in gasoline prices in the United States. On Monday, the national average price for regular gasoline was $3.20, 9 cents lower than it was a week ago and 14 cents below the price a year ago, according to the AAA motor club.

The price at the pump generally follows oil after a few days, leading energy experts to predict lower prices for the rest of the month at least."

Clifford Krauss reports for the New York Times October 13, 2014. [2]

SEE ALSO:

"Dropping Oil Prices Could Threaten U.S. Fracking Boom" (McClatchy) [3]

"Lower Oil Price Could Help Refiners" (Wall St. Journal) [4]

"Oil Price Drop Threatens To Hit Russia, Iran Harder Than Sanctions" (Los Angeles Times) [5]

"IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices" (Reuters) [6]

"Privately, Saudis Tell Oil Market- Get Used To Lower Prices" (Reuters) [7]