What has happened over the last 21-30 days that have cause gas prices to drop almost 60 cents a gallon?

Can anyone explain this to me? Wasn't there a pipleline in Alaska that was off line and prices were supposed to go up?

My rocket scientist of a friend(not really, he drives a flatbed) said this morning that "they found a shotload of oil in the gulf" that's why prices have dropped. Lol!

Todays paper said it may go down to under 2.00 per gallon.

WTF?

Does it makes sense?

Actually, instead of paying .60 less, why were we paying more? What is and has happened to cause such a change in so little time?

Thanks

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