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Can somebody explain to me why gas prices have gone up recently while the price of oil is dropping like a rock?



Oil isn't the same as gas at the pump. There are refineries and distribution in the middle, and other competition for refining & distribution resources, particularly home-heating oil for cold weather. Not to mention a lot of people trying to hedge against the price of gas this spring in terms of what the current Global Cooling crisis is doing to the oil & derivatives inventory.



OK so explain to me why when a rise in oil prices is announced, the price at the pump starts inching up the next day. When a drop in oil is announced, it takes two weeks for them to start dropping.
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"All my years in p*rn didn't quite prepare me for childbirth. I mistakenly thought all the stretching I did would make this easier."