Grist | Gas prices are way low, but US oil production to grow in 2015. What gives? Grist Today, the price of oil fell under $53 a barrel, the cheapest crude since the 2009 recession. Petroleum's price plummet over the last six months (explained by Vox) means cheaper gasoline prices, a short-term win for cash-strapped American drivers but a ... There's More to the Oil Collapse Than Just Shale THEIRS: Prices bring uncertainty to oil patch Oil companies slow spending at rapid pace |