I take it you don't agree with the formula in the link I provided? It says gasoline will be $1 a gallon in a few months if crude stays below $30 a bbl.

However, I kind of don't believe that it will sell at $1 a gallon at the pump either. The populace has become too used to the convenience of driving everywhere, having multiple cars for many families, and school children being driven to school (or bussed) rather than walking. The majority of the USA population is happy and able to pay over $1 per gallon to maintain their lifestyle. Another factor is that taxes per gallon will likely increase over the next few years; the federal gasoline tax is only 18.4 cents per gallon for example... not enough to maintain our extensive interstate highway system.

I guess what this means is many in the petroleum extraction business will reduce their pumping in the next few years and the gasoline, jet fuel, and diesel refiners will be seeing better profits as they are able to sell their product for more than it would otherwise be worth. Buy Valero and Tesoro, or buy the Oil Refiners Exchange Traded Fund (CRAK). Or if you like futures, buy something like Gasoline Crack Spread futures (RBOB). There will be many smaller crude suppliers in the US either going bankrupt or being bought out if the value of their product continues to stay below the cost of production. The big integrated oil companies (Exxon, Chevron, etc) will survive.