Edition: International | Set Pref
updated 4:04 p.m. EDT, Sat October 11, 2008
Is cheaper oil a good thing?
Gas is under $3 a gallon in Canton, Ohio. (AP Photo)

Is cheaper oil a good thing?

The price of oil has plummeted nearly 40 percent in just three months, from about $147 a barrel in July to below $83 on Friday. If that sounds good, you are probably a driver who winces at filling your gas tank. But the downward spiral could mean trouble for oil-rich countries and for the environment, Time.com reports. full story
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