Barrel prices are low, why is pump price high?

Gas prices are not where they should be. Oil prices went from $88 a barrel to $96 and gas prices jumped from $2.79 per gallon to $2.89. Then $102 a barrel and $3.05 per gallon. Oil leveled out at $114 to $115 per barrel and gas jumped as high as $3.45 per gallon. This all happened in a matter of weeks.

Every time the news said prices are going up, they would increase it with no reason, simply speculation!

Now with prices falling to under $100 per barrel (as of March 11), why is the price at the pump not falling?

You want the economy to recover, then put your greed aside. Who made more profit last year than any other industry? BP, Exxon-Mobil, etc. Happy St. Patrick's day to all. I will not be able to attend the parade this year as I am conserving gas.

Douglas J. Kelly

Cedar Rapids