Just as Jim Cramer was beginning to worry that the price of gasoline could be jumping back up, it drops a whopping 6.6 percent in one day. But Cramer isn't concerned about that because, in his perspective, low oil prices are the gift that just keeps on giving.
"I've said it a thousand times: higher oil is bad for the stock market. Higher gasoline is terrible for the stock market. Higher heating bills are horrendous for the stock market. There's nothing more to it. End of story," the "Mad Money" host said.
Instead, Cramer has been worried about how the transport group seems to be going lower and lower each day. But then, even these worries were thrown out the window on Wednesday when oil dropped $3 based on increased pumping from the Saudis and a huge U.S. inventory.
Cramer anticipates that this drop in oil will translate to a better bottom line for airlines, a group that previously worried him. He has his eye on two airlines that are domestic carriers, and thus less exposed to currency fluctuations: Southwest and Spirit Air.