U.S. crude oil prices sold off another 3.3% Monday to the lowest level since July 2009 after OPEC hinted it won’t cut its production targets despite swelling supplies.
Even though you are paying less at the pump, this is not good for anyone. Plummeting oil, gold, agricultural smells like deflation and deflation is a killer as everything goes down. As oil producers shut down facilities  due to over supply and exploration is dead due to negative returns, massive job loss will occur. You can count these oil plunges over the last 15 years on two fingers.
