This is the way it works, crude goes from $54/barrel to $55, gas goes up $.07 a gallon.
Crude goes $55/barrel to $29, gas goes down $.45.
Makes sense to me.
Because the tax doesn’t go down...
The price of a barrel of oil never has a direct relationship to the price of gas... as in, it doesn't go down exactly "X" cents for every $1 reduction every time.
However the spot price of refined RBOB Gas usually does... Take that price add State & Fed taxes, plus a margin it's usually pretty easy to see where the price is going to go, either up or down. But clearly that's not the case now.... Jan RBOB was $1.65/g Yesterday it was
$0.42 
Today it was back around $0.55... but still over a dollar lower than it was 2 months ago. One would think gas should soon be a buck lower than it was in Jan based on the price of refined wholesale gas. But around here we are
only down about 45 cents... so far.
