Editor, OBSERVER:
It seems that the price of a barrel of oil is the biggest factor in gasoline prices.
So why does it seem as though when the price of oil goes up, prices at the pump change overnight; but when the price does down, like it has in the last several days, I always read that it takes several weeks before the price at the pump will go down.
I guess this is what they call one-way Economics 101, continued by oil companies, politicians and business alike.
LENNY CATALANO,
Dunkirk
