The causes and consequences of oil's sharp price drop, explained in 90 seconds

Here's why gas is so cheap, briefly
(Image credit: BBC/YouTube)

Unless you never drive and don't pay attention to the news, you know that oil and its byproducts — see: gasoline — are much cheaper now than a few months ago. To help explain why oil prices have plummeted, and some of the winners and losers, BBC News put together this very short explainer video, replete with infographics and ambient music. One small quibble: Have airline tickets really dropped at all? —Peter Weber

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Peter Weber

Peter Weber is a senior editor at TheWeek.com, and has handled the editorial night shift since the website launched in 2008. A graduate of Northwestern University, Peter has worked at Facts on File and The New York Times Magazine. He speaks Spanish and Italian and plays bass and rhythm cello in an Austin rock band. Follow him on Twitter.