First, your only thinking of the immediate pump-taxes for that 50 cents. Throughout the chain, there are plenty of other tax burdens.

As long as there is sufficient supply, a decrease in the cost of bringing you the fuel will result in a decrease of the cost of fuel. As long as competition is able to fulfill supply, and therefore is real competition, prices tend not to skyrocket if costs dont skyrocket.

And though Bush is indeed a failed oilman, and assuredly the oil industry kisses his ass like so many other industries... just because some of them may be his friends, still , if applied uniformly - the capitalistic mechanisms that are good for oil are good for everyone else.

If govt wasnt meddling so much in our business, business wouldnt be meddling so much in govt. Since our govt doesnt really respect Capitalism anymore, unfortunatly business has to gain as much govt influence for their own protection. Unfortunatly, like any power attained - by nature it will be misused, hence all the cases of leechers using the govt as a competitive tool in one form or another, but it is misguided govt that makes it happen in the first place.