Gas Prices 2008

I dont get it, I really dont get it.

Like most (I think) I will never understand the price of gas at the pump. The price of a barrel of gas is lower then it was over 2 years ago and yet we are still paying the same price as we were when it was 95-100$ a barrel. (Currently its 68$)

We were told it was a six month difference between the "Commodity" price and the pump price, but that seems to only be a factor when the price is coming down. Heck the price of gas went up yesterday cause the barrel went up 0.50 cents. Its down almost to 65$ a barrel and I expect the price to probably jump 3 or 4 cents tonight.

Maybe someone can explain it to me.

And with a sinking economy on the verge of a recession OPEC is going to cut production cause they are not making enough money, isnt this what put the country into a recession, the factor of greed? If its a recession and gas is priced to high, who is going to buy it?

On that note, I decided to buy a new car, and decided to go to the local car auction place and found some good deals, but didnt buy anything. I think I will go for a few more weeks and see what kind of great deals they have.