Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?

Shouldn't gas cost $2.00 bucks now? Given it more than 50% less?Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
You would think so, but I think that they are keeping prices artificially high to keep the conservation movement going. People aren't traveling the way the way they used to. Traffic deaths are down. Oil imports are the highest they have ever been and with less demand, comes lower prices. You keep prices higher, people won't drive so much. I don't agree with it and it's illegal. Just a thought.Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
Just because the cost of oil went down by 50% doesn't mean to cost of getting gas out of it went down at all. So the 50% isn't directly related to the price, there are other factors as well. Such as the gas station itself making a profit; that price did not go down by 50%, therefore its not a direct relation.
It would be interesting to see the math and the proof as to why it hasn't gone down faster. I also wonder if market price is really what they paid and which refineries are still holding larger amounts of oil at these higher prices. That would suggest that some oil companies are producing and selling theirs faster. Some areas of the country might then also be getting fuel at higher prices because of this also? I still believe that there's market manipulation somewhere.
First of all, it takes a few days for a reduction in spot oil prices to hit the pumps. Also, some gas stations bought future supplies at a higher price. There is no conspriacy.





Gas prices here dropped .15 cents today, lower prices later in the week.
Even if oil was $.01 a barrel you would have to pay for processing and transportation and the gas stations expenses.Those cost have not dropped any.