Inflation here? gas/grocery prices just continue to climb
The store owner buys the gas near cost. He has to sell it near the price that it was when he bought it or he'll lose money. He doesn't adjust down when oil falls because he still has to recover what he paid. He adjusts up quickly because he has to help cover the cost of buying more
The real culprits are the oil companies. Last year they had record profits. It's time for the Federal government to stop subsidizing them.