Gas prices in steepest drop ever

Gas prices are at the lowest price in quite a while. What is the deal with this, is it that the demand for gas is low and the prices have dropped. It is a long time coming with this drop in gas as we have seen gas go up to almost $4 in recent weeks and has killed the economy of this country. Coming from someone who lives in NY where gas is always expensive for the last year or 2 you so it becomes something your used to, but is that right for people to become used to $4 a gallon and strapped for cash while OPEC and these oil companies making millions of dollars. From what is hear say these companies are going to cut supply and will lead to higher gas prices again. This is what is wrong with this country, they are dealing with issues of this that are bleeding this economy dry and that is why this election is the biggest election in a long time.