Oil prices dropped more than 3 percent on Wednesday to a six-month low, but gas prices are still much higher than they should be, Jim Cramer said on CNBC's "Mad Money."
Gas prices are linked to Brent crude, which is a type of sweet oil used as a benchmark for other crude oils, according to the article. Brent is still trading around $100 a barrel, even after the huge price drop in oil prices. Brent is the biggest influence in gas prices.
Gas prices have been dropping as of late, and if they continue to drop, businesses across the country could benefit, according to the article. Lower gas prices make traveling less expensive, which would put more Americans on the road, giving hotels and other travel-related businesses more money. Lower gas prices also make commuting to work more feasible. Many new home developments are often far from jobs, meaning homebuilding companies could see a spike in business.