Local variables scope anamoly

Question

I have this simple function that produces 2 float values sum and product from which i calculate another varaible NodePrio. I had the value of NodePrio coming wrong so i decided to put in some console debug messages to read these values as they were being modified in the loop Here is the code

void cycPrioCalc(){
float sum = 0.0, product = 1.0;
for (int i = 0; i< 4; i++){
    if (loads[i].state == LOW){
        if (loads[i].dynPrio > 1.0){
            loads[i].dynPrio -= Pstep;
        }
        if (loads[i].dynPrio < 1.0){    // stop overshoot
            loads[i].dynPrio = 1.0;
        }
    }

    else if (loads[i].state == HIGH){
        if (loads[i].dynPrio < loads[i].fixPrio){
            loads[i].dynPrio += Pstep;
        }
        if (loads[i].dynPrio > loads[i].fixPrio){    // stop overshoot
            loads[i].dynPrio = loads[i].fixPrio;
        }
    }
    // CAlculate the priority of the node
    sum += loads[i].dynPrio;
    Serial.print(sum);
    Serial.print("\n");
    product *= loads[i].dynPrio;
    Serial.print(product);
    Serial.print("\n");
}
NodePrio = product / sum;
}

The values for loads[i].dynPrio goes 1.0, 2.0,3.0 and 4.0 for the 4 elements of the loop. so according to this logic at the end of the loop sum should be 1.0+2.0+3.0+4.0 = 10.0 and product should be 1.0 * 2.0 * 3.0 * 4.0 = 24.0

and NodePrio should be __ 24.0 / 10.0 = 2.40 __

strangely, what i receive in serial output are the last values that were computed,

** sum = 4.0** and ** product = 1.0 ** thus setting **NodePrio = 0.25 **

here is the serial output

1.00    -> Sum at  i=0
1.00    -> Product at  i=0
2.00    -> Sum at  i=1
1.00    -> Product at  i=0
3.00    -> Sum at  i=2
1.00    -> Product at  i=0
4.00    -> Sum at  i=3
1.00    -> Product at  i=0
0.25    -> NodePrio

First place to look was the braces, which look fine to me. All help is apprecieated.