Oil is purchased and sold on the futures market. There is always a lag in price for oil movement and movement of gasoline prices. Prices went up almost immediately because the future contracts were looking forward. Those contracts have yet to be filled. Once later, future contracts are bought and sold the price of gasoline will start to come back down.
There is no fuckry going on here as this lying ass President is accusing the oil companies of. It's called the "free market" as much as it can be free while jackass politicians keep fucking with it. That's all they do. Is jerk this country to and fro and I for one, am sick and fucking tired of this shit. Under 1000 people doing shit that fucks with, upsets and creates chaos for 330 million fucking people.
Time to clean this cesspool out.