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Healthy for the market. there had has not been one in stocks since 2011. so don't freak out. but what's rattling the markets, oil here. crude oil $47 a barrel right now, cut in half since the summer. that chart is so good for consumers right there. $2.19 a gallon average. that's the average for a gallon of gas. it's been falling for 100 days. that chart right there scares the ba jesus out of investors. >> should i freak out? >> do not freak out. it's a pause that refreshes potentially. 43 minutes after the hour. happening right now -- millions across the country facing these awful temperatur...

Significant drop in gas prices. u.s. consumers are paying an average of $2.19 a gallon. >> it is all about oil. this was the high point of the recent high point and the gauge reveals why pressure is dropping away. so let's see what happens. first of all, you have the u.s. fracking. the u.s. shale revolution. outputs increased by a million barrels a day if in 2014. the saudis refuse to cut production you will be well aware of that as well. that is one reason that pressure is coming out of the recollect ma. and you have opec, opec has decided it will will not chase market share. opec is in a mes...

At about 1.187. and in new york the dow jones fell 130 points despite all of the smiles and applause. the second digit triple drop in a row. the nasdaq was down 60 and the s&p fell 18 points. well falling oil prices have led to a significant drop in gas prices with u.s. drivers paying an average of $2.19 a gallon. so why the negative impact on stocks? richard quest has some answers for you. >> it is all about oil. this is the recent high point. and the gauge reveals why pressure is dropping away. so let's see what happens. first of all, you have the u.s. fracking. the u.s. shale revolution...

Aaa reports the national average stands at $2.19 for a gallon of regular unleaded. and to think we paid more than 5 bucks last summer out in the hamptons. wow! that's down $1.13 from a year ago on average nationally. analysts predict drivers will save about $97 billion overall this year due to those lower gas prices. that's about 750 bucks a household. john bussey is executive business editor and assistant managing editor for the "wall street journal" newspaper. who'd have thought? >> who'd have thought, and that's a lot of money per household. you can read this one of two ways -- great for th...

Losses that we're seeing. it's a worry for trades because we haven't seen this type of volatile markets over the course of the past four or five years. reminds a lot of people there are down markets to be had and just one idea what we could see. >> let me go back to oil for a second. what the low price of oil people see in the united states gas aaa announced 2.19 a gallon. that feels like good news. why does the dow drop. >> it is good news. good news for the consumer. gasoline prices are about $1.10, $1.12 lower than they were a year ago. that translates in to a huge boom for consumers. they ...