[quote=dubord207;48792]The largest single component to the price of anything is demand. With a world wide recession, the demand is down, not just here but in countries like China and Japan, huge consumers of foreign oil.

And to add to Dan's comment, while demand for gasoline is down, demand for the "middle of the barrel" distillates remains high....such as diesel, heating fuel, kerosene and jet fuel. Hence the slower price drop of these petro products.

I have a long commute a couple times a week, 105 miles one way and of course there is geocaching. The timing of the price drop is perfect timing!