> Do we ever see "oil prices are down 3.5%, we are lowering our prices by 3.5%"? Never.

Companies lower prices all the time. It's the competitive market at work. They just don't tend to say why, because nobody cares about the reason, so it's not necessary.

E.g. snack prices are coming down, to pick one recent example: https://www.npr.org/2026/02/03/nx-s1-5697941/pepsi-prices-ch...

But it's human bias to notice when things get worse, but not when things get better.