No - thats not entirely how gas is priced. Bic city to small town and state to state it varies so much based on cost but also what people will pay. The barrel price matters but the oil companies want to maintain their income regardless of supply or demand. If usage goes down prices will increase. Im guessing by a lot as there are fewer and fewer ICEs on the road. One more example look at your cable company - cable TV + internet + phone used to be all bundled together at a given price. Now as there are more streaming services the cable companies charge twice as much for internet alone. They want a certain amount from every household and find a way to sell that to you. Gas/oil are different bc of the cost/barrel but you hopefully get my drift.