The head of OPEC says today that Oil Prices are way to high and the market does not warrant the prices, he says it should be no higher that $78 a barrell with current Iran tensions getting better and the global economy starting to show signs of rebound.

On that news oil today so far as dropped another $3.21 to $121 a barrell. Much better than $147 we saw 3 weeks ago and oil futures show much lower prices to which means we can expect it to keep going down finally. At $78 a barrell I can expect mid $2 gas