$1/gallon gas? $20/bbl oil? Gulf Oil CEO says prices will drop again

"Gulf Oil CEO Joe Petrowski said on Wednesday that the price of oil could sink to $20 per barrel, and there is a chance gasoline prices could drop as low as $1 per gallon by early next year," reports the Quincy, Mass. Patriot Ledger, which covers Gulf now that it's based in nearby Brockton, Mass. We paid $1.68 at the Wawa in Claymont, Del. this morning. Story on Petrowski's predictions here