Oil is now cheaper than water

Modal Trigger

I don't think anyone could have predicted this a couple of years ago.

Oil prices have slid to their lowest level in more than a decade — so low that black gold now costs less than spring ­water.

At at $33.27 a barrel, oil now costs 79 cents a gallon.

By comparison, Shop-Rite on Thursday was selling three cases of 500-ml. bottles of Poland Spring water for $10.

That works out to roughly $1.05 a gallon.