Originally Posted by Hydrae
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.
Well, your numbers aren't precise. Crude was $147/barrel when the national retail average reached $4.17/gallon.
And, you can't do the type of mathematics that you are trying to do with retail gasoline prices. At least not with any accuracy. It's not exactly linear.