Gas Prices Drop to Four-Year Low

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 (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?


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

Gregg Laskoski, senior petroleum analyst at