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Lets see if we see a 20% decrease at the pump. I doubt it.
I was shocked to hear the head of the oil companies over here just before Christmas. When asked "when will the price at the pump be reduced now that the price of oil has dropped" his response was "not before Christmas, more people are buying petrol now because it's winter and they're doing a lot of shopping so will be buying more petrol".
I hardly use my car now. I cycle to work and back when previously I would hop in the car. It was more for health reasons but saving money is a bonus.
IMO, the price of Oil shouldn't be a greatest concern.