Just like every run up in gas prices, it never seems to go down to the previous mean low prices. Always seems to stop at $0.25 - $0.40 higher than before.
My theory is that if you run up gas and diesel prices to the painful level, let it sit there for a month or two and then let the prices 'slip' to a lower price, but higher than before, the people will be so relieved that prices have come down that they accept the new, higher, mean price and quit their bitchin'. But the fuel companies get what they want, and state governments keep quiet because the sales tax portion of the price is producing additional revenue for them to squander.
I still have my “Drill Here Drill Now” sticker on my back windshield. I’m not taking it off just because the price went down.
It was written in 1989-1990 or so. Quote that stuck with me was "What will Americans do when they're told to pay $2/gallon for gasoline?"
Of course, $2.00 then was worth quite a bit more than $2.00 now.