Gas Prices Drop to Four-Year Low

at 9:30 AM
 (Justin Sullivan/Getty Images)

Oklahoma City drivers may have been rubbing their eyes in disbelief when they went to the pump last week. Gas was $1.99 per gallon, a record low for the past four years. Gas prices have dropped nationwide, even though the Bay Area is still one of the highest-priced regions at $3 per gallon. What are the pros and cons of the decline?

Guests:

Severin Borenstein, professor and research associate of The Energy Institute at UC Berkeley's Haas School of Business

Gregg Laskoski, senior petroleum analyst at GasBuddy.com

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