Thank you very much, Mr. Chair.
Thank you to all the representatives for being here this afternoon.
I'd like to start with a question for the entire panel and have as many panel members as possible attempt to bring some clarity to this question. It's the question that I hear the most from my constituents when I talk to them about this issue.
We've heard from many of you about the various factors involved in the fluctuation of gas prices. Why is it that when factors cause the price at the pump to go up, the price goes up immediately, but when various factors cause the price to go down, it's a painfully slow process before that lower price is finally reflected at the pump?