Because the taxes didn't fall 75%. The cost to refine didn't fall 75%. The cost to distribute and market didn't fall 75%.
The price of gasoline doesn't rise as much as oil, and it doesn't fall as much either.
Wait a minute the TAXES and the cost of REFINEMENT is a PERCENTAGE per barrel and not a adjustable rate.
The only logical conclusion I can come up with is the depreciation of the dollar since the Fed is adding 85 Billion in NEW DOLLARS every month.