"prices go up fast but take a long time to come down"
Cat, that is because of the philanthropic nature of the oil companies (and big business in general). By slowing the fall of oil prices at the pump, the oil companies are shielding us from the unpleasant "sticker shock" that comes with rapidly changing prices. They know that we are already accustomed to high prices, so if prices jump up higher fast, it's no big deal, everyone is used to and expects it. But drop the prices 30cents a gallon, and imagine the psychological effects it might have on the general population! Thank goodness they are there to protect us from such a calamity...