Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy– at least just yet. That has a ripple effect on commodities like oil.
If you've been to a gas station recently, you know that prices are down — on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.
According to the latest Gallup data, Americans could withstand over $5 a gallon for gasoline before they had to significantly change their buying habits.