F... gas prices

[GTripp0012]

Originally Posted by dmek25

the price of a barrel of oil hit a high of around 140/ per. gas prices around here hit a high of around 4.00 a gallon. now that oil is under a 100.00/ barrel, why did the price of gas only drop roughly .40 a gallon? im sure schneed has a logical reason to why its OK that us Americans are allowed to be ripped off

You do understand that if gas stations could afford to lower prices any future, the fact that they are in competition with one another would drive the price down, right?

I don't claim to be an expert, it's really just common sense. If a gas station could do something to outsell all their competition, they definately would.

The reason they can't go any lower with their prices is because they can't afford to stay in business in doing so.