Has Anyone Noticed if the Price of Motor Oil has Dropped?

The new API SP and ILSAC GF-6 motor oil specs were released last week. Even though they've probably been known for a little while, it may mean reformulation of some brands. It will mean new packaging for all brands. Expenses incurred for these changes will be passed on, even if it just means not lowering prices they might have due to lower crude costs.
Unlike fuel, the cost of crude makes up a smaller part of the price of motor oil. Also, price changes on motor oil are slower in reaction to crude price changes. Be assured though, that if crude price stays depressed, mineral based motor oil price will be reduced eventually.