"JimH" wrote in message
...
On Sat, 18 Oct 2008 15:38:09 -0700 (PDT), Tim
wrote:

On Oct 18, 5:35 pm, JimH wrote:

The morning after we drove home the corner stations were at $2.49.

Tom predicted at this NG this several months ago.........nice call
Tom.

Absolutely!

To get this back on topic (ignoring the flames and political crap from
the usual suspects)..........why don't pump prices drop when crude oil
barrel prices drop as fast as they increase when barrel prices rise?


Here's some data that you may find interesting.

http://www.newyorkgasprices.com/retail_price_chart.aspx

Set the chart options to show crude oil prices and any area of the country
you desire for retail gas price. Set the chart duration to 3 months. You
will note that the *retail* cost of gas did *not* peak in response to the
spike in crude prices. Therefore it seems like the cost of gas has not
dropped as fast as crude prices.

Make sense?