[WaterBoard]

Let’s see. Oil was $140 a barrel this summer and gas at the pump as $4.00 plus a gallon.

Now oil is 50% less but I am still paying $3.00 plus a gallon.

Something is not right.

[stboz]

Something is not right.

Heads, we win. Tails, you lose!! Honk if you love Arabs.

[truthguy]

Let’s see. Oil was $140 a barrel this summer and gas at the pump as $4.00 plus a gallon. Now oil is 50% less but I am still paying $3.00 plus a gallon. Something is not right.

This one is easy. Oil is only one component of the price of gas. There's transportation costs, refining costs, taxes, etc.

[A_Tradition_Continues]

Unleaded is selling at $1.75/gal wholesale. That doesn’t include costs such as pipeline movement, over-the-road transportation, storage, local distribution, retailer costs and we can’t foregt all those taxes.

[thackney]

Oil was $140 a barrel this summer and gas at the pump as $4.00 plus a gallon.

Now oil is 50% less but I am still paying $3.00 plus a gallon.

Gasoline never climbed as much as oil, don't expect it to drop as much either.

Plus we still are not back up to full refinery output from the damage of the hurricanes.