Of course it's true. Everytime the oil goes down at the barrel it takes time to go down at the pump. Is that not market manipulation? We live in a imoral economy that gives suppliers too much latitude in priceing, to the detriment of the quality of life of everyone else.

That said, maybe this situation will finally break the oil monopoly and make the average joe wake up from his slumber and realise the energy situation is the base of most of the inequity in the world and we need to move to renewable and non centralized sources.

Once individuals have energy independence the world will be a better place. We are the ones who are feeding the monsters.