It's roughly $70 right now. I just wanted to share the good news. Gas is still too expensive though. I saw $2.85 yesterday at the HESS in Saugus, and $2.76 at Citgo in Peabody. 10/16/2008 12:04:08 EST Oil down on big jumps in US crude, gas supplies By STEVENSON JACOBS AP Business Writer NEW YORK - Oil plunged below $70 a barrel Thursday, bringing its price to less than half its July record high after the government reported massive increases in U.S. crude and gasoline supplies. Investors took the news as more evidence that a global credit crisis and a shaky economy are curbing demand for oil, which hasn't been this cheap in nearly 14 months. The selloff came despite an announcement by OPEC on Thursday that it was moving up by almost a month an emergency meeting to discuss oil's rapid drop in value. The Organization of the Petroleum Exporting Countries will now meet Oct. 24 in Vienna, Austria, instead of Nov. 18, the cartel said in a statement. Light, sweet crude for November delivery dropped as low as $69.15 a barrel on the New York Mercantile Exchange before gaining slightly to trade down $3.81 to $70.73. It was crude's lowest trading level since Aug. 22, 2007.