Oil prices have plummeted this week following Iran’s attack against United States military bases in Qatar. Oil prices fell to levels last seen before the Iran-Israel conflict, and even before President Donald Trump’s inauguration day. West Texas Intermediate crude, the US oil benchmark, was also trading 5.8% down at $64.50 a barrel. These levels are broadly comparable to the closing prices before Israel launched an unprecedented attack on Iranian nuclear facilities on June 13. And, more importantly, for American consumers, wholesale gasoline was down over 10 cents today and diesel down 15 percent.