I think it's erroneous to equate the crude oil commodities market with the retail pricing of refined fuels...and it's also erroneous to apply the simple model of supply and demand, as the reality of our society does not allow us as consumers to influence demand at all.
Even so, what are you positing? That the Fed should decide US fiscal policy based on how it might influence the world market price of crude oil? That hardly seems like either a societally-encompassing or forward-thinking guideline to determine the economic direction of this country. |