Skip navigation

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our
"Question of the Day" right now.


52 Week High52 Week High TRADER RADAR
Which stock should be on your screen? Follow the clues to solve this puzzle.



Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.


FAST MONEY EMERGING MONEY
EMERGING MONEY TOP 20
Fast Money's index for the world.




PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.



ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Jul.18
12:58 PM ET
Friday, 18 Jul 2008
See What People Are Saying About... Crude Dropping But Not Prices At Pump

Whether you’re in the trading pits or at the corner ice cream parlor, it seems the price of crude oil is the main topic of conversation these days. So it probably comes as no surprise to you that crude has dropped $15 in just a few days.  

Fast Money viewer Robert M. from Colorado writes, “The fact that oil has dropped so much in three days shows it wasn't due to speculation. It's just that China and India suddenly decided they didn't want oil anymore so the demand dropped.”

And Joseph P. from Missouri writes, “Why aren’t we seeing a significant drop in the price of the pump?

"That’s because oil contracts being traded now are for oil that won't be delivered until next month,” says Associated Press Energy Writer Adam Schreck. “That oil still has to travel to a refinery, be broken down into gasoline and other products, and then get shipped again before it reaches your local filling station.”

Another factor says Schreck is the fact that prices at the pump didn’t rise as much as refiners and retailers would have liked. “Falling U.S. demand made that impossible. And so, with an eye on their bottom line, they're not likely to lower their prices all that quickly -- even with oil prices declining sharply."

And that leads to our Fast Money Reader Poll.



______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to .

© 2008 CNBC

Permalink: /id/25737487

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis