oil price in the world market drops

It is good to hear that the price of oil per barrel has continued to drop significantly over the past several months. This, after the prices of commodities have shot up and it seems like there is no going back or going down for all the price increases of basic goods. While it is true that the price of gas has gone down, it still has not gone down to the level of its original price before the crazy increases. Why? This is really hurting the consumers because businessmen who jacked the prices indiscriminately as a result of the oil price increases, are no longer willing to go down despite the dramatic drop of oil price in the world market.