Our gas prices fell despite a new gas tax being introduced on Jan 1st. Currently, it's only raising gas prices by about $0.10, but the people who passed it hope this will increase over time to a few dollars. It's a CO2 offset tax to pay for carbon credits that oil companies must buy to sell us oil and gas.

Don't worry, gas prices will get higher again, maybe we'll even hit $10/gallon in the next few years. Everybody here is rich and doesn't really have to drive, so it shouldn't matter, right?

Since it was Obama's fault that they were upwards of 4.00 a while ago, he is obviously to be congratulated on this massive energy cost reduction. The avg American will have 750.00 in their pockets because of this.
If you pointed blame at the failure, you MUST point praise now. Also, check the gains on your 401K since he took office. Thanks for that too Obama.

sounds like it's the saudis fault...they are flipping the bird to opec

It's not the Saudis' fault this time. Search online for some oil production charts, and you'll see it's flat and had a couple of dips. I don't know what this is being sold as the main reason for oil's decline, but it doesn't seem to be true. The low prices are hurting all OPEC members, and completely destabilizing one of them. The US shale oil companies can turn off the pumps and wait this out. Meanwhile, the consumer has cheap oil, which is especially nice for people living in cold winter states who use heating oil.

There's a big lack of demand, combined with lots of oil derivative investments crashing. Basically, it seems to me that Wall Street bet big on oil, at a time when the European economy is in sad shape, which made the oil futures crash, which crashed all sorts of derivative investments. There's a lot more money investing in oil and related things than there is actually oil.

This has nothing to do with Obama or Saudi manipulation.