Jim Cramer: Oil Could Be Bottoming Because There Is Demand

Marathon Oil, which owns 8,000 gas stations, saw a 1% uptick in same-store sales since prices started going below $3. Jim Cramer says more use equals more demand and more demand means a stable price. He explains that when gasoline goes down people use more of it and that's important because it means people will be able to commute further distances which in turn means housing will be built further out from the urban centers which then helps bring housing back. He says businesses will be formed, retail and restaurants will also start doing better because money saved at the pump translates to spending in other areas. But, he says, there is as level where demand does kick in and oil is going to bottom, maybe not here, maybe in the low $70s. But gasoline, more importantly, can go to $2.50.