Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?

Why is that when crude oil prices go up, it seems like gas immediately gets more expensive, but when crude oil prices go down it seems like they shuffle their feet and take forever to get the price of gasoline down?





Example: Here in Kenosha, WI, gas was $1.59 when crude oil was about $38/barrel for a couple weeks. Afterwards it when up to about $45/barrel for a few days and it shot up to $1.99/gallon for gas. Now crude oil has been under $40/barrel for at LEAST a week now, and gas is still $1.99! What the hell!Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
We will never know the real reasons because 'our feet are tied over a barrel', so to speak. We need gas, they have gas. They charge whatever they want and we have no choice but to pay it.





Oil companies need to get a head start on padding their billions of dollars profits for 2009.


So, oil companies come up with excuses like the fighting in the Gaza strip affects prices or that they need them to be higher for research in improving refineries. blah blah blah.





The point is we are being manipulated since we need gas to travel and there is not much we can do about it.Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
Adjustment in prices of these two commodities cannot happen simultaneously. An increase or decrease in prices of crude oil is very sporadic. This week's gasoline may have been manufactured from previous weeks' high cost of crude oil. Necessarily, the gasoline companies cannot immediately lower their prices.
Thats a very good question. An we will never know the answer to that. Today I filled my car up for 1.92 and i get out of work and gas is now 2.05 everywhere by my house and the ppb of oil fell to 35.05 idk how they did there math but i think they owe everyone a couple of dollars who need to fill up now.
It takes longer for companies to sell their current stock of gas at the higher price then it does for then to sell the same amount of gas in stock when it is lower. Higher Price = lower demand
gas takes 2/3 months from wellhead to refinery 3 months from refinery to gas station...if you paid 40 a bbl 6 months ago your not gona sell it for 30 bbl prices just because current prices are 30...your could not stay in bis long