AlwaysWrite
Addicted Member
Has anyone noticed a sharp drop -- or even a significant drop -- in the price of gasoline at the pump? And if not, why not?
The price of a barrel of crude oil stood at $66.40 just eight days ago (on Oct. 8), but as I post this on Oct. 16, it stands at $56.59.
On a number of occasions, Americans have noticed that even a spike of a few cents in oil prices has led to almost-immediate increased costs at the pump, while prices are extremely slow to come down after significant decreases in barrel-of-oil costs.
Crude oil prices make up more than half the total cost of what drivers pay at the pump, so a drop should positively impact gas prices, benefiting drivers, but why isn't that happening now?
The price of a barrel of crude oil stood at $66.40 just eight days ago (on Oct. 8), but as I post this on Oct. 16, it stands at $56.59.
On a number of occasions, Americans have noticed that even a spike of a few cents in oil prices has led to almost-immediate increased costs at the pump, while prices are extremely slow to come down after significant decreases in barrel-of-oil costs.
Crude oil prices make up more than half the total cost of what drivers pay at the pump, so a drop should positively impact gas prices, benefiting drivers, but why isn't that happening now?
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