The price of oil was down more than 9.9 percent Friday afternoon after the Organization of the Petroleum Exporting Countries decided it would not cut back production significantly in the months ahead. Only 4 months ago, oil prices were 56% higher. Consumers will be the big winners from this price drop as is further explained in the “Heat Map” below. The petroleum industry takes several days to several weeks to pass through lower oil prices to the consumer. Delay filling your car’s gas tank as the gas stations take their time in passing through the $.30/gallon drop that is coming. Savvy homeowners will delay large purchases of home heating oil which will experience large declines also.