First of all, this time of the year normally brings lower fuel prices.
Second, US oil production has surged in recent years, so there is more local oil available.
Third, the Saudis are keeping production at a level sufficient to keep their tottering government afloat, without regard to price. They've seen what has happened to other autocratic regimes in the region.
Finally, the world economy is slowing. The EU has no net growth while China appears to have hit the wall and India is mired in the same slow growth it's had for years.
Fuel prices look to remain low through the spring of 2015 if not longer, and we may yet see even lower pump prices.
This may not be a good thing, as a rest of the world recession can only have a negative impact on our own economy.