Looks like gas is finally starting to sell below $2 a gallon in east TN and SC. It's about time. Last time gas fell significantly below $2 (in this same area) was back around March when oil was ...
I read a good article a few years ago about that exact phenomenon. They trended the price of crude with the price of regular unleaded. As the price of crude went up, so did the price of gas. However, when the price of crude droipped, it took, on average, three months for the gas prices to correct back to the 'normal' levels that paralleled the crude prices before the increase.