[In God I trust]

So why isn’t gas at $0.85 right now? hmmmmm? When it was at $112 we were paying avg. $4 at the pump. Curious.

[RockyTx]

a gallon of crude still trades for
more than a dollar.
what do you expect?

[okie01]

So why isn’t gas at $0.85 right now? hmmmmm? When it was at $112 we were paying avg. $4 at the pump. Curious.

The price of crude is only a fraction of the price of gasoline. The cost of transporting the crude, refining it and distributing it to the end user hasn't changed.

[Benito Cereno]

Here in Colorado Springs the price for gas has gone UP 25 cents in the last ten days. What gives?

[Paul R.]

As others have posted, much more than the price of oil contributes to the price at the pump.

Also, some traders (prices) of petro products are locked in for the commodity well in advance, to protect themselves from volatility in the market. This tends to buffer especially price decreases: Ever notice how prices usually creep downward, but if some crisis occurs somewhere, they may jump $.20 in a day?

[BfloGuy]

So why isn’t gas at $0.85 right now? hmmmmm? When it was at $112 we were paying avg. $4 at the pump. Curious.

Why would you think that there is a dollar-for-dollar relationship between the price of oil and the price of gasoline. Oil isn't gas. Gasoline isn't oil.

The one is a product of the other. They're not the same thing.