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by timeal
4192 days ago
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In San Francisco, average gas prices went from $4.33 to $2.92 (http://www.sanfrangasprices.com/retail_price_chart.aspx). That's a 33% decrease - matching quite closely the crude oil decrease of 40%. But as someone said, crude oil prices reflect future retail prices. When you go to a gas station you get fuel that is weeks/months old, so it makes sense to pay the price that crude oil was selling at weeks/months ago. |
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Here in Chicago, they never dropped. There's almost a $1.00 difference in gasoline vs diesel now.