And the logic behind that would be...?

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Observation. Oil prices fell and gas prices have not followed suit. Demand in the US has fallen and prices in the US have not followed suit (it doesn't matter what happens in other countries, their prices are not our prices). The rise in gas prices is an intentional act by real people (so, don't give me any of your supply and demand crap) who are intent on making a whole hell of a lot of money. There may also be something else going on: a process setting us up for greater government control over society, including a global government complete with a global currency and global regulation of the economy.

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

Sorry, but since it is a global commodity, gobal prices are what count. And anyway, I am seeing a price drop in gas.

You do know that gas prices are set by the gas stations (each station independently) and you know that they make very little money, right? If oil falls to $5 a barrel, gas will drop, because if gas stations are only paying $0.50 a gallon, then some of them will lower their prices to take customers from those that refuse to lower prices, that's how supply and demand works.

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Absolutely right. Gas and oil simply isn't a simplistic supply/demand thing.

Now that the oil companies have finally figured out that we will pay literally any price, what possible incentive would they have to bring prices down?

So, because the oil market isn't free whatsoever, and is subject to price fixing and whatnot, it's even more reason why it needs to be de-commodified and regulated. When Exxon reports record profits directly off our backs, for something that we DON'T have a choice in, that's no market.

If we didn't elect oilmen to government, this wouldn't have been so bad.

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Walgreens has basic financial calculators for sale for $1.79. Send one to your Congressional representative for Xmas, this year!

It can't be a very significant drop since the national average hasn't significantly dropped.

But the gas station owners do have to pay others for the gasoline that they sell and these others have to pay others. Of course the guy on the bottom is making the least amount of money!

Oh, and in some places, it's actually illegal to lower one's prices all that much lower than the other gas stations:

Laws in several states require gasoline retailers to set gasoline prices at minimum levels, thus artificially inflating the price at the pump.

In Maryland, Minnesota, New York, Wisconsin, and several other states, minimum gas price laws require gasoline retailers to set a minimum price for gasoline based on the current average wholesale price. In each case, lobbyist groups for service station organizations pushed the laws through.

SOURCE

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

What we are still seeing here is about a 10 to 15 cent drop in gas prices at the pump, which still does not equal percentage wise the drop in the price of a barrel of oil.

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National Debt =

Right, and that 10-15 cents could easily be wiped out by news tomorrow, and speculators decide to fiddle some more. And, if I owned a gas station, why drop prices when people are paying through the nose? The base oil price drop won't necessarily mandate a drop in gas price at all.

I am just not buying this $100/barrel stuff. I mean, yes, I know that's the price, but I am not buying that the costs of oil have suddenly skyrocketed. It's not like we're down to the last five drops. I accept that we'll never see $1.25/gallon again, but come on. Gas should be roughly $2.00.

__________________
Walgreens has basic financial calculators for sale for $1.79. Send one to your Congressional representative for Xmas, this year!

I've already shown that gas cost and oil cost are not a 1:1 match, and we should not see equal % drops or climbs in their price.

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides