If crude oil is going down in price, why hasn't gasoline?

I may be completely confused, but isn't gasoline refined from crude oil? I've seen on the news lately that crude oil has gone down in price several times, but gasoline hasn't. In some cases it's gotten more expensive. So...why?If crude oil is going down in price, why hasn't gasoline?
because everyone keeps buying it





stop buying or stop cryingIf crude oil is going down in price, why hasn't gasoline?
Because gas companies are crooks! Ha although this response is correct it is not the correct answer. Oil prices are not based 100% on the price of crude but on ';speculation'; Basically market traders that are speculating on the price of ';tomorrow';





Write your congressmen and encourage them to limit oil speculation. However again that could mean the downfall of capitalism as we know it. Damned if you do, damned if you don't. I suggest you get a hybrid (actually they are too expensive) better yet get yourself a great performing car such as the toyota yaris. Very inexpensive and great on gas.
Good question. I know there can be a lot of reasons, but it still doesn't answer the question of Why prices can and do change from day to day.





It just doesn't make sense for gas to fluctuate from $4.00 to $3.42 in less than 3 days and then go back up to $3.79 4 days later.





I stll believe it is price gouging
Now that the summer season is over they move to the other excuses, Hurricane Yogi bear or of course the winter fuel needed for heating. They are screwing us all, they don't even give us a good time first.
Theres problems with the refineries from Ike. Plus, theres always corruption too.
Refineries to make gas from oil. Also, I'm sure other factors like demand for gas go into it.
Crude oil just went up almost $17 a barrel yesterday...
maybe shipping...because ppl are going insane buying it up faster than they can supply it? idk
becus the gas people can get away with stealing our money becus we have to have gasoline.

jane iredale