As the chart nearby shows, Gasoline futures have fallen to the pre-Hurricane Katrina levels. Oil is back to early August levels. Yet many local stations are still charging post-Katrina prices. My local gas station (BP Amoco) still is charging $3.49 for Premium. Although the summer driving season is now over, the process by which prices at the pump come down is simply local comptetion.
Indirectly, part of the explanation for this is your fault
