Light, sweet crude for November delivery fell $8.63 to settle at $77.99 a barrel on the New York Mercantile Exchange. It was the lowest settlement price for a front-month crude contract since Sept. 10, 2007.
Crude has now lost 47 percent of its value since hitting a record $147.27 on July 11

Gas was then selling for about $4.25/gal which means that gas should now be $2.25/gal

We're still getting screwed!!!