For one thing, oil below $75 has been the norm even after adjusting for inflation. Another thing is that since there are more oil users than oil producers in the U.S., a return below $75 should be good for everyone. Of course, it'll be even better with Washington ending its war on business.
It will be cheaper to gas up to go to McDonalds for a GMO hamburger at an already inflated price. . .maybe it will bring back cruising in small towns again. Now if the low price of oil will translate into propane going down, I’ll start my furnace up now.