What is the opposite of “skyrocket”?

I recently came across a situation where something was decreasing rapidly. My friend was led to say:

The price of fuel has really skyrocketed downwards lately.

Something about this statement sounded wrong. Surely a skyrocket must always go up, by definition.

What would be a more suitable word or phrase to describe something that is decreasing rapidly?

Answer

Plummeted?

  1. Fall or drop straight down at high speed.
  2. Decrease rapidly in value or amount.

Attribution
Source : Link , Question Author : Urbycoz , Answer Author : RegDwigнt

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