I just saw that. This is absolutely crazy.
I was reading about how gas margins were near-record high (I think around 70 cents per gallon), back when oil was in the $20 range the last couple weeks. (Many stations were still selling for over a dollar a gallon at that point, which was proportional to a more expensive oil price.)
It'll be very interesting to see if this drops pump prices significantly. Our state gas tax is 28ish cents, plus the federal tax of 18 cents, so the total tax is about 46-47 cents per gallon. It would seem that the pump price would be unlikely to drop much below $0.75 or so, but who knows?