So many people can’t see past the price of a gallon of gas. Do they really think lower transportation prices will cause cheaper groceries, etc.? That’s pretty naïve.
Of course not. Greedy business owners will just stuff those newly gained profits back in their pockets. They all have offshore bank accounts to store their financial windfall profits.
Energy costs as an input to production absolutely have an impact on end product pricing. Much of the stock on shelves was produced with a high $ energy fraction for feedstock, manufacture, and transportation.
As the older stock is cleared out of inventory, the selling price will recede. Prices didn’t go up overnight, and will work their way down gradually.