The "Oil Prices" thread.

[Joe]

am i wrong to expect a more noticeable drop in the cost of a gallon of gas at the pumps with such a quick and major oil price fall? Its fallen just about 14 or 15% in the past week or two. Prices are VERY quick to rise when there is an increase in cost, or even fear of an increase in cost. Mobil/Exxon still charges more than 4 at most of their stations around here with other stations not much under the 4 dollar mark. When oil was sub-120 we were paying around 3.65-3.75

Price stickiness.Gas didn’t climb as fast as oil did, it won’t fall as fast either.