[GreenAccord]

I seem to recall that in 2008, when gas prices hit $4 per gallon, the bbl price of oil was as high as $135 per. Seeing pump prices above the 2008 previous highs, with $115/bbl prices (before this downward move) should tell you there’s more to it than simple market futures that dictate the pump price. That’s where I figure the decreasing value of the dollar plays a big role.

[thackney]

If you are interested in a little data on the price of gasoline compared to the price of oil quoted in the media, follow some of the information found on this thread:

http://www.freerepublic.com/focus/news/2715380/posts?page=7#7

[org.whodat]

The demand was higher in 2008: