Reuters reports the good news:
The sharp decline in oil prices is pumping more money into the United States financial system, and is starting to put more money in Americans' pockets. Because there is a lag, the drop in gasoline prices is going to continue. It won't completely compensate for recent financial losses, but it is a helping the economy. The market system is wondrous mechanism with its own equilibrating effects.
The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.
The national average price for self-serve, regular unleaded gas fell 35.03 cents to $3.3079 a gallon on October 10 from $3.6582 two weeks earlier, according to the nationwide Lundberg Survey.
Hat tip: Richard Baehr