Scribbles

Fact: Oil prices have crashed from about $150 to $50 a barrel in the past months. (Source)

Fact: The price of crude accounts for about 58% of the price of fuel at the pump (Source)

Question: As crude fell to 30% of its peak price, and the price of crude makes 58% of the price of fuel at the pump, then how much should the price of fuel at the pump be today, compared to the “peak crude price” times?

Question: Did fuel pump prices drop that much, where you live?

Question: If not, how come we are not rioting in the streets?