It might not prompt Americans to spend, but the drop in oil prices -- now below $70 a barrel -- could help many stay afloat.
Oil prices coughed up all of their 2008 gains and then some Thursday, stopping only after crashing below the $70-a-barrel barrier, a level not seen since the summer of 2007.
The betting money is that oil still has much further to fall, perhaps as low as $50 a barrel before the end of the year.
Economists say that would give beleaguered U.S. consumers the rough equivalent of a new economic stimulus package, dragging retail gasoline prices back down as low as $2.20 a gallon nationally. Natural gas and heating oil prices also are cratering, which would help with winter heating bills.
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