[bgreene]

Originally Posted by Destroyer

Actually it's going back up again. WTI was trading at $68.18 a barrel 3 days ago, and right now it's @ $71.31. Brent Crude (a much lighter oil that most gasoline comes from) is at $75.32 a Barrel today, up $2.43 from yesterday.

In all cases, this is the cost of crude oil, and not reflected in prices at the gas pump at this time. We all know from experience that any price increase is instantly reflected at the pump but any decrease usually take 2-3 weeks (if at all) to make it to the pumps.

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Correct