Oil prices plunged to near seven-year lows Monday on expectations that producers around the world will continue pumping crude at near-record levels in an already oversupplied market. Drivers are set to benefit from the drop in oil prices, with the U.S. national retail gasoline price at $2.03 a gallon and forecast to fall further, according to motor club AAA. The Organization of the Petroleum Exporting Countries said at a meeting Friday that it will maintain its current production levels, which exceed the group’s output target of 30 million barrels a day. OPEC members have increased their production this year, and output in non-OPEC countries, including the U.S., has also remained high. OPEC’s decision contributed to a broad selloff in energy Monday, as warm weather forecasts pushed natural-gas prices to multi-month lows. A broad rout in energy equities rattled the stock market Monday, weighing on broader indices. Low oil […]