Why is gas price not dropping?

If you listen, look and see. Oil prices are $70 barrel but the price at the pump isn’t dropping like it should. Why?

I don’t follow gas prices daily but when I’m on 13 Ave Fargo and I see the price at the pump it’s easy to keep track of the rise or fall of the price at the pump. For me it’s around $3/gallon.

A year ago it was around 30% to 40% higher on the barrel over $100+  and the price at the pump $3.40.

The price at the pump has fallen 10%. Why?

I remember hearing Mick Kjar use an old saying, “up like a rocket but down like a feather” gas prices can shoot up overnight based on future expectations. But fall slowly because of the cost of the product paid for in the pump. I get it. But a year later?

Someone is making more money off the consumer. Again.