Coming In November: Falling Oil, Economic Bliss, Some Elections

Happy news, following on the last few days of swiftly falling oil prices:

"The only place they have to go is down," says Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS). "We'll be closer to $2 than $3 come Thanksgiving."

Travel organization AAA foresees prices 10 cents a gallon lower by the end of next week. It reported a nationwide average of $2.84 Tuesday, the lowest since April 20.

It's good news for consumers and the economy. Continued lower prices "may act like a tax cut" and stimulate spending, says Richard DeKaser, chief economist at National City in Cleveland.

I think I like the sound of that.

Previously:
Had Enough, Crude?  Yeah, You Stay Down.
Oil Tanks Again