I tend to agree. The change isn’t significant enough to see any difference either at the pump or in the price of goods.
Dropped 6¢ here in SE NM overnight. Of course, the price will go up after Obama's F&WS shortly declares a small lizard endangered which will put 20% of America's O&G off limits for drilling.
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.