[JMintzer]

Originally Posted by GoRedSox!

It's the commodity price per gallon on the futures market, not the price at the pumps. The gasoline still has to get transported, there is usually a distributor who has their profit built in, the gas station has to make their profit per gallon, and there are federal and state taxes that get added to the cost to make the price at the pump. However, when the underlying cost of gasoline decreases by 50 cents a gallon, a good portion of that will work it's way to the pumps.

As I said elsewhere, who knows where the oil markets go tomorrow, however....

As of 9/18/2020, the average price in the US was $3.88...

Nowhere near $2.19

Gas prices hit 2023 highs as oil stays hot | CNN Business