Thanks
How much did you pay for a gallon of gas in 2011 when it was over $111 a barrel? I think the average was around $3.77 a gallon nation wide.
Since then the price of a barrel of oil has fallen to $40 a barrel.
Thus, the price of a barrel went down just shy of 75%. Why has the price per gallon not got down about 75%? By my estimate the price should be about $1.27 a gallon.