and AGAIN.

Oil is now at $70.00 per barrel. WHY AM I PAYING $3.32 per gallon at the pump???
Remember when the prices SHOT up we we're told that the per gallon price at the pump was based upon what the poor dealer would have to pay to replace that gallon you just pumped. So....what the hell?

Here's a report from July 2006. Oil was around $70.00 a barrel then....

Weekend update Sunday, July 30th, 2006
Here's the weekend update of the area's gas prices. It looks like competition forced a number of sites down a couple of pennies this weekend.
Bryan/College Station Gas Price LeaderboardUnleaded $2.74* - Wal-Mart - Bryan - Briarcrest @ Freedom Blvd $2.78 - Sam's Club (members only) - College Station - Earl Rudder Frwy @ […]

So where's that extra $.50 cents going??? How's come we are still above $3.00???