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ELI5: What's the cause for the sudden decrease in oil/gas prices?

Obi Wan Kenobi Meme | $2.67/GALLON THAT'S A PRICE I HAVEN'T SEEN IN A LONG TIME | image tagged in memes,obi wan kenobi,AdviceAnimals | made w/ Imgflip meme maker
3,906 views • 11 upvotes • Made by a Redditor 10 years ago in fun
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Back In My Day Meme | BACK IN MY DAY, GAS WAS A QUARTER A GALLON! | image tagged in memes,back in my day | made w/ Imgflip meme maker
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$2.67/GALLON THAT'S A PRICE I HAVEN'T SEEN IN A LONG TIME