How low would the price of oil have to get to gas back under $3?

Question

With current gas prices declining, how much further would oil have to fall to get back to $2.99 or less? Thanks!

Answer 1

it would be nice but i dont think it ever will get that back down there again

Answer 2

based on the recent fluctuations and comparing the national average versus the price of a barrel of oil, it would probably need to be somewhere around $75 - 80 per barrel, and demand would have to drop across the nation by at least 30 percent