Glad, but why?

Question

I have noticed that the price of oil is over $140 a barrel and the price of gas at the pump has stayed at around $4 a gallon,at least here, since oil was at $120 barrel. NOT THAT I'M COMPLAINING, But why did the gas pump prices stablize some what, while barrel prices kept going up. Have you noticed this?

Answer 1

only part of price is cost of oil....price of shipping is abt same as is refining cost....plus the gas price takes a while to go up after crude goes up...oil is always moving from well to refinary to storage to station...gas u use today was pumped 3 /4 months ago...