Stock Shmarket

So the stock market lost a huge percentage in the past month but no one is really talking too much about the benefit of this. Yes, a majority of people have money in the stock market and things like retirement accounts will be hurt (at least for those who are retired or close.)
But what about those of us who aren't making much and don't really need to worry about the market, or those who aren't close to retirement? People can still put into their 401K and will actually get more shares for their money and eventually the market will go back up.
But lets look at the average person.
The average person still needs to worry about things like gas and food. So lets look at gas (and indirectly food because when gas prices fall, so will food prices from transportation, manufacturing, packaging, etc.) and see the benefit of the market drop.
A few months ago oil hit an inflated price of $140 per barrel. Last week it closed just below $80. As the "economy" goes south, so do the oil prices. If things go well then the oil prices go up.
So lets look what is happening in this market.
If the average person drives 15000 miles it is going to cost them $3,000 if they get 20 mpg per year at $4.00 per gallon. If you only get 15 mpg, you spend $4,000.
This week oil just dropped below $3.00. That makes the annual cost at 20mpg $2250 and at 15mpg $3000.
So the average car driver will save $750 from gas. An SUV driver will save $1000.
But what if oil keeps dropping to the $30 per barrel it was several years ago. Lets assume the price can get back down to $2.00 (not that I think it will, but dream a little dream.) If that happens the 20mpg will pay $1500 for the year ($1500 savings over $4 per gallon) and the 15mpg will pay $2,000 ($2000 savings.)
So instead of the government dumping $700 BILLION on the poor loans that banks made, how about they invest, say $200 billion on drilling in Alaska, off Florida, California and wherever else we can find it. That still leaves $500 billion for the people who shouldn't have had a house to begin with to stay in their homes and reduced oil cost for the next 20-40 years for the rest of us while we build new nuclear power plants, advance wind and solar, and either perfect biofuel to make it cost effective or give up on it.
Either way, the economy (in terms of the market) doing bad is actually very good for the average American.