Originally Posted by Donger
Gasoline should be around $2.00/gallon based on crude pricing right now. Crude dropped so quickly that retailers actually went too low with their pricing.
Price per barrel: $150.00
Prices at the pump: $4.00
Price of barrel drops to $50.00, the pump price should also drop by 66%. Am I missing something here?
If pump price "should" be around $2.00 then I would expect to see the barrel price at around $75.00.