I believe there may have been a change of ownership of the oil distributors here, but it seems the old regime of customer exploitation still exists.
The price of oil on the international market has dropped from $110 per barrel at the end of February, to around $83 today. The average price of a gallon of gas in the United States has dropped by 36 cents during the last two months. The price of a gallon of premium gas at my local gas station during the last four months has dropped by ZERO cents. I pay $5.88 a gallon, and we should have had at least a 10 per cent price adjustment, which would amount to 58 cents a gallon.
Why is it that consistently gas prices here do NOT reflect a reduction in prices on the world markets, yet instantly reflect price increases, and why is it our government does nothing about it?
Roger M. Davies