Well, you and "Truth Detector" are just flat out wrong in your assumption, when it is manipulating the price of gasoline in the U.S.<quoted text>
I agree TD, oil companies don't set the price, the market and state regulations do along with taxes and the price of oil. I came here from Georgia. The price of gas in Georgia was higher than in Tennessee all of the time. Why, because Georgia's taxes were higher. I don't think anyone ever thinks about how much it costs to drill for oil either. When gas goes up, the easy thing to do is blame the teapublican oil companies.
True, Oil Companies do not set the price of a Barrel of Crude Oil... that is controlled on the World-wide Market, because it is a World Commodity. BUT, the Big Oil Companies CAN and DO control the price of gasoline in the United States by reducing the amount they refine, and/or distribute. They simply reduce that supply, using some reason, such as some of their Refineries are down for whatever reason...as they did in this case (maintenance), which lowers the supply while the demand stays the same...or they just withhold some of the gasoline from the distributors...and that drives the price up. They do it very often and it's never questioned. In fact, pay attention, they do it every time there is the slightest reason that they can use, in the U.S., or anywhere in the world, for that matter, that they think they can possibly use to justify it! It's a SCAM...all to make bigger profits and they've been doing it for years! But, I can remember when it was a very rare thing, but now it happens every time you turn around and when they started doing it, is when their Quarterly Profits started breaking all records and that has continued until this day!
If they are going to continue to Gouge us, why are we continuing to Subsidise them? Well, I can tell you why, because I heard the CEO of Exxon say it , with my own ears, in a Congressional Hearing Investigation about the price of fuel, when it first started going so high, for no apparent reason. He said, when the subject of the Subsidies was brought up, "If you take away the Subsidies, we will cut you off"!
I couldn't believe what I had just heard him say and not one Congressman challenged him! They simply ignored his statement and changed the subject!