I was wondering this to myself as oil has fallen from its new high of $147 to its current $115 - $116 per barrel. Could this be the relief that we have been waiting for,  to stop what first was a small cut to what became a gaping wound ? Gas is definitely cheaper, down about 80 cents , a dollar plus would be nice though. Also, the real relief will not be felt until things that rely on fuel pull back, groceries, travel, imported goods, etc. Interestingly enough I came across this article. Check it out and let me know if you think oil will continue its fall.

Why oil won’t fall below $100

NEW YORK (CNNMoney.com) — Last week, falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil go?

Many analysts say oil is unlikely to go much lower than $100 a barrel, and it has to do with the rising cost of production.

The overall cost to produce oil has gone up, especially oil from tough to reach places like Canada’s tar sands and the deep water Gulf of Mexico.

These areas require massive investment and materials to produce oil and that expense has risen as the price of commodities surge. And while they represent a small fraction of total worldwide production, they’re important because some analysts believe prices won’t fall below the cost of the most expensive barrel of oil.
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