Oil Loses Its Swagger

With the U.S. and global economy hurting, oil prices have dropped more than 50% in just three months, from $147 a barrel in July to the $65-$70 range.

Remember $80-100 fill-ups at the gas station pump? The national average for a gallon of gasoline is below $3.00, from $4.11 in March, and should stay below $3.50 through next year. Prices for home heating oil and natural gas are also headed lower this winter than last.