How does price of crude oil per barrel relate to cost at the pump?

I often hear in the news about how the price of a barrel of crude oil has either gone up or down (mostly up) and was wondering how that directly relates to the cost for gas by the gallon at the pump?

Any ideas?

2 Responses to “How does price of crude oil per barrel relate to cost at the pump?”

  1. cpu Says:

    If the price goes up, it causes the price of gas to go up.

  2. sasil85 Says:

    I thought it was the same as the guy said above. Then crude dropped by three dollars in price and gas went up 20 cents lol. So in reality it all has to do with the amount of money the oil company fat cats want to make. That is it. Anything else is just a lie. Don't believe me? Exxon top CEO retired after 11 years of work and made on average 140,000 dollars a day. Think it is time to stick our hands in their bank accounts to ease the stress in our economy.