SINGAPORE (AP) -- Oil prices plummeted to a one-year low below $83 a barrel Friday in Asia as investor fears of a severe global economic downturn sparked a panicked sell-off of equities and crude.

Light, sweet crude for November delivery was down $4.35 to $82.24 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore, the lowest since October 2007. The contract overnight fell $1.81 to settle at $86.62.

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The price of gas was $2.50 a year ago...proof that gasoline prices have nothing to do with the cost of oil. All along this year, they raised gas prices every week, the pundits and liars in web sites and in the media, blaming the rising price of oil. Now that oil has fallen in the last two months, have gas prices gone down?

NOPE. They are still artificially high. The only explanation for this is to keep the economy down, another pointer that proves the whole thing is a controlled implosion. Just like the twin towers.