The price of crude oil fell to $124.31 a barrel on Tuesday, down $10.78 from its all-time high of $135.09, set last week.

$10.78 off $135.09 -- that's a drop of about 8 percent.

Is it fair to expect, then, that we'll see the price of gasoline drop by 8 percent in the coming days -- from the current local average of about $4.10 per gallon to $3.77?

I'm not holding my breath.