How long does it take for a change in oil prices to reflect in the gas pump?

Question

Big drop in oil recently... How long until it costs a little less to fill the tank?

Answer 1

When oil prices are rising - immediately!

When oil pries are dropping - it takes weeks!

Answer 2

If there is an increase-even speculatively-the increase is almost instantaneous.  A decrease can take months.

Answer 3

i just hurd that it went down $10. yesterday..it wont show at the gas pump till it goes down $50 or more..

  the 2 biggest oil companies are exon and mobil. they say by not getting there gas and going to smaller companies will force oil prices down..bec. exon and Mobil control the prices..it will go down if people learn to control there driving..and stay way from big gas companies..even if Exxon prices are .20c cheaper stay away from them..