"That means the retail price of gasoline will be about $1.25 a gallon"
That seems a bit optimistic, no?
The retail price of gasoline will be under $2.00 in a couple of days.
It has fallen 75 cents in a week. $1.25 is just another 75 cents. Some are predicting retail price of gas will be 99 cents a gallon or less before it starts to rise.