If the price of oil has fallen by about half recently, why hasn't the price of gasoline gone down by half as well?

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The oil companies want to entend their record profit quarters through the entire Bush administration, since then know that won't fly after Obama is elected. At the price of oil now, the price of gas should be below $2.00/ gallon according to historical trending. Schelli's Recommendations Peak Oil Survival: Preparation for Life After Gridcrash Amazon List Price: $12.95 Used from: $8.05 Average Customer Rating: 3.5 out of 5 (based on 13 reviews) Beyond Oil: The View from Hubbert's Peak Amazon List Price: $14.00 Used from: $8.32 Average Customer Rating: 4.5 out of 5 (based on 46 reviews) Peak Oil Prep: Prepare for Peak Oil, Climate Change and Economic Collapse Amazon List Price: $16.95 Used from: $6.95 Average Customer Rating: 3.5 out of 5 (based on 12 reviews) Hubbert's Peak: The Impending World Oil Shortage Amazon List Price: $16.95 Used from: $6.95 Average Customer Rating: 3.5 out of 5 (based on 65 reviews) The Oil Depletion Protocol: A Plan to Avert Oil Wars, Terrorism and Economic Collapse Amazon List Price: $16.95 Used from: $6.95 Average Customer Rating: 4.0 out of 5 (based on 8 reviews) .

I ask that very same question. Barrel rates are down to where they were 2000-2002, when gas wasn't even $2 a gallon. Now, we are "happy" that it's not $4 a gallon?

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It will take time oil companies have gone through a huge loss before the prices had gone up earlier.. so they are till trying to use this as an opportunity to cover up for those losses.. moreover the market is so unstable that the prices are likely to fluctuate a lot n coming time.. but still if the prices are kept low steadily, the gas prices will come down in few weeks.. Thanks Akash Start Blogging for Money Work From Home Jobs Genuine Data Entry Jobs Genuine Surveys Free Writing Jobs .

1 Lowering takes time after prices fall....but, it is also used to make citizens feel happy, and that aspect is the guiding light of the oil industry!Blessings.........Annlee .

Lowering takes time after prices fall....but, it is also used to make citizens feel happy, and that aspect is the guiding light of the oil industry!Blessings.........Annlee.

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What"s The Price Of Gasoline In Your State?

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Not doing this! Characters in book I'm writing doing this.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.