Crude oil prices are falling, price at the pump is unchanged.

Hmmm, who exactly are the real terrorists?

It wasn't that long ago that it was trading in the $70-80/bbl range pretty steady... showing nearly $115/bbl now (an ~50% increase).

The price at the pump goes up the next morning. When the price of future delivery goes down, the price at the pump doesn't drop for at least a month. This allows the oil companies to make even more profit and how dare you complain.

do I need to add the sarcasm thingie?

I want my money back.

Dead cat bounce?

http://www.marketwatch.com/story/oil-futures-drop-in-wake-of-bin-ladens-death-2011-05-02




bit of speculation in there for good measure, too.

The stations get the gas at a certain price. When they buy their next shipment, hopefully it will be at a lower price.

That's how it works.

Down 2% I read this a.m.

After Katrina, gas went up. Sure,oil may be dropping,but if you can't turn it into fuel--- supply is down.

Supply has been fine for a long time.

Oil or what fuel the refineries are producing? (of those that can)

............is that when the oil companies even bother to give you an excuse as to why they're claiming oil prices are up, they'll jack the cost of gas up 30-40 cents per gallon or more. But when the conditions that led to the rise in price goes away, the cost of gas drops 2-3 cents per gallon. And nowadays, they don't even bother to be giving excuses anymore. They're just like, "Oh, just pay it, bitches."

I remember hearing on the radio a while back that because of the cease-fire in Libya, gas prices would be dropping. And they did. They went from $3.99 to $3.98. Eventually, after several more weeks, they got all the way back to $3.65 or so, and then I heard on the radio that for some unknown reason, the prices were going back up again. No kidding, I filled up in the morning for $3.79, and when I drove past that SAME station in the afternoon, the price was $4.15.

I don't know how these oil companies can continue to play innocent while they post record-breaking profits every quarter. I know a con when I hear one. And don't give me this "free market cures all" B.S. When all the oil companies collude to keep their prices high even when the conditions don't warrant it, there IS no free market.