Prices Drop Below $100 a Barrel for 1st Time in 5 Months

Summary


NEW YORK -- The worst oil shock since the 1970s has put a permanent mark on the American way of life that even a drop in oil's price below $100 a barrel won't erase.

Public transportation is in. Hummers are out. Frugality is in. Wastefulness is out.

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Prices Drop Below $100 a Barrel for 1st Time in 5 Months

Although oil prices dipped beneath the $100 mark Friday for the first time in five months, it still isn't cheap, and Americans have long memories. They are saddled with debt, high food costs and home prices worth far less than two years ago.

Experts say some relief at the pump is probably coming...

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