The Price of a barrel of Oil went down $10 this Week. The Price at the Gas Pumps has not dropped One Cent!?

Question

When the Price of a barrel of Oil goes up, the Price at the Gas Pumps goes UP IMMEDIATELY!

Why is this so? Why has the United States Congress done nothing about this? Why have they prevented us from drilling for Our Own Oil, in Our Own Country?

Answer 1

This does not happen all the time. Recently I am suprised gas at the pump stayed near what it has the barrell price has moved a lot in the last few weeks but the pump price has been somewhat stable. Im not saying that is how it always is. If the price stays down a little while the cheaper supply will trickle down to slightly cheaper prices but dont count on it staying down long.

Congress and drilling I assume you are reffering to Alaska. Honestly I dont think it would matter a whole lot if they did let us. We have oil in Monatana, the Gulf and other places but the Oil companies are not going after it because they make more money if it comes from OPEC countries. They like the market to be not flooded with oil.

Answer 2

dems are afraid an animal may get hurt so they ban drilling here

Answer 3

Congrats, you are really catching on to the system. Now, concentrate on the U.S. Congress and learn the details. The devil is in the details.

Answer 4

It will take a few days to hit gas prices.

It does not change immediately.

Answer 5

I drive a truck for a major trucking company, we have over 10,000 trucks. I just got a fleet-wide memo to put off fueling until tomorrow because they expected a nationwide average drop of 15 cents at the pumps tomorrow morning.