Quote Originally Posted by Xiahou View Post
The reason we won't see a 60 cent drop in gasoline prices to correspond to that drop in oil prices is because gasoline prices didn't increase by the corresponding 60 cents per gallon when oil prices jumped either. Stations cut into their margins instead of raising prices by the entire 60 cents. Prices are dropping now, but it won't exactly fit oil prices.
Well, all I know is that once I started reading of those drops in oil prices a week or so ago, gas in my surrounding area has dropped 71 cents.

10 days ago: Cheapest $4.80 per gallon
Yesterday at the pump: Cheapest $4.09 per gallon