Originally Posted by Sly

Two things you need to remember...

1) gas stations bought their gas when oil was more expensive, meaning gas was also more expensive. They will not drop prices until they have to so that they can recoup the investment, which typically means at least until that shipment is sold out.

2) once a business "gets away" with raising their prices for whatever reason, they will not be quick to lower their prices until they absolutely need to. As the gas stations compete with each other, the prices will slowly drop.