On the way down: Oil goes down 20 percent, gasoline goes down 7 percent.
When oil spiked to $147 gasoline didn't rise as fast as you can see on the graph. But that doesn't fit into you liberals'/Marxists' conspiracy theories that private businesses (capitalism) are somehow manipulating prices and gouging you huh?
Sorry, dirtboy, but I remember paying about $3 a gallon at $74 a barrel. The reason gas is still about $4 a gallon is because it never doubled when oil doubled from $74 to $147.