Will the price continue to come down?
Why doesn't the price of gas go down the same amount of the drop in crude oil prices?
If the average price of gas was $4.00 per gallon when crude was $147.00 per barrel it should be less than $3.50 per gallon now that crude oil is down to 123.50 per barrel.....what am I missing....
Yo it's Me
Favorite Answer
There is still a shortage of U.S. refining capacity, and it's only going to get worse.
Anonymous
Part of the reason is that 123.50 a barrel oil hasn't been refined, turned into gasoline and delivered to the gas stations yet. Also, demand for gas may be different than that for crude.
Anonymous
When all logic fails, yell supply & demand.
Don't worry it will be coming back up soon enough, that will erase all hopes of the price at the pump actually catching up withthe price of crude on the market.
Anonymous
the price at the pump had quit going up while the price of crude was still rising.
source: educated republican
Anonymous
only if it doesn't go back up...
you notice when the price of oil rises, the price of gasoline rises instantly...overnight.... but when it decreases, we don't see a decrease in gasoline for weeks or months.
it's called speculation...
http://www.youtube.com/watch?v=AdRbuUQNcxw