by Calculated Risk on 10/16/2008 11:15:00 AM

From AFP: Oil price hits 15-month low under $68

Oil prices slumped further on Thursday, with Brent crude briefly sliding close to 67 dollars a barrel and the lowest level for more than 15 months, as slowing energy demand took its toll, traders said.

Crude oil futures were down more than 50 percent from record highs of above 147 dollars reached in July ...

The free fall continues. At least this will help with inflation and take some pressure off consumer spending.