[winbig]

In spite of compelling evidence to the contrary, the major petroleum companies continue to deny that they are engaging in cartel practices. So why do pump rates stay high despite sharp drop in oil prices, but react immediately to the slightest increase in crude oil pricing? 

In SG our market is small compared to other countries. Given our market size we can't influence the price much. We need them more than the oil companies need us. It's really lppl.