Christian Science Monitor | How Low Can Oil Prices Go? Reason (blog) The price of oil in global markets has plunged by nearly 45 percent over the past six months. As a result, the price of a gallon of regular gasoline in the U.S. dropped from $3.68 in June to $2.37 in late December. In June, the U.S. Energy Information ... L-Shaped Oil Recovery Flattens V-Shaped Market Optimists Could Oil Prices Plummet A Second Time? US oil keeps booming despite low prices -- for now |