Oil Down... Gas Up??

I am not sure I understand this.  Oil has plunged over the last month and is now under $96 a barrel and has been as low as $94 but gas prices have risen 17 cents average nationally over the past 3 days.  Shouldn't lower oil prices equate to lower gas prices??

Does your car run on crude oil or refined gasoline?

Short term..

Wholesale gas dropped today, it will come through the system eventually.

Refineries shut down for a few days, low reserve stockpile of gasoline, stupid people loading up on gas because of fear, opportunistic gas station owners, etc, etc, etc.

give it a week and prices will match up.