Why are barrel prices going down, yet at the pump they are going up?

Question

Why are barrel prices going down, yet at the pump they are going up?

Answer 1

it takes a couple of weeks for the gas station prices to reflect the barrel cost.

Answer 2

We are paying for the barrels of gas that were purchased at a higher price. Prices will go down after all the older gas has been used, and we begin using the new, cheaper gas.

Answer 3

All my local stations are at 4.27 gal.  5.20 for diesel.

Answer 4

cut to the chase- it's greed at play here, plain and simple!

Answer 5

different commodities trading