If oil prices per barrel have gone down so much than why haven't the prices at the gas pumps gone down yet?

If oil prices per barrel have gone down so much in the last couple weeks than why haven't the prices at the gas pumps gone down at all yet? I have only seen a 3-4 cent decrease in the last week or so. But when the prices per barrel goes up we see an immediate increase at the pumps.If oil prices per barrel have gone down so much than why haven't the prices at the gas pumps gone down yet?
The price for oil as reported is for crude sweet oil for the American market. The oil is then turned into various petroleum based products, one of which is gasoline. Additionally, the price of oil is priced in dollars per barrell while gasoline is priced in cents per gallon. And finally, the cost of gasoline is only partially a result of the cost of the crude oil, whereas transportation, sales, and refining costs are other factors.If oil prices per barrel have gone down so much than why haven't the prices at the gas pumps gone down yet?
We both know the answer to this. It's greed from the wealthiest, most privileged people on earth. They want to kill off most of us, then enslave the rest. They are manipulating one resource that all of our products depend upon, making everything more expensive. This will dissolve the middle class. Soon we will be fighting each other for food. It will be anarchy. They will wait and watch until the remaining population can be controlled to serve them.
They have already dropped at least 50 cents per gallon here in Houston, we are now at $3.39 when just two weeks ago we were at $3.89.





Get ready for another rise, because Ike is headed for the offshore rigs in the Gulf of Mexico.