Oil price - while consumption is increasing how oil price coming down ?

It was about 140-145 USD per barrel last year and current price came down to 40-45 USD. But the cut in oil price is just Rs. 5/- for petrol and 1/- for diesel. What is the logic ?Oil price - while consumption is increasing how oil price coming down ?
You do not realize the other economic factors involved such as the strength/weakness of the dollar and the effects that speculators and commodities traders have on the price of oil.





Speculators who once bid up oil futures for a quick dollar saw that the general public was not amused and was looking for fuel efficient vehicles, so those traders took their money and ran and the oil futures market crashed...Oil price - while consumption is increasing how oil price coming down ?
oil price is down because of the credit crunch and stock market decline, the money managers only profits were in oil so they sold that 140 oil to get cash
Gas prices are not only determined by oil prices. Refineries can change the price they charge for gas they sell to stations too. In fact, around here gas rose about 40c a gallon in the last few weeks even though oil price is stable. It's the gas companies getting their money now.