I thought the price of oil determines gas prices?

Is there some equation, besides supply and demand, that I'm missing? That's the general, blanket comment I always hear, "well on today's markets the price of oil is $67 a barrel" then I'll hear, "price of oil today is $60 a barrel" yet gas prices increase. I just feel like it's something other than oil prices and supply and demand.

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lasergraph · 70-79, M

They have to transport raw crude to the refinery for processing. And after processing they have to transport to retailers. Don't forget federal and state taxes. EPA watches every step.