Gasoline Pricing

Friday, December 28, 2007

Here’s a question.  Why when the cost of a barrel of oil jumps up $4 does the cost of gasoline jump up the very next day by 50 cents?  And why when the cost of a barrel of oil drops $4 does it take 2 or 3 weeks for the price to fall maybe 6 cents?  Is there an explaination for this?