Another one for Bullets!!

[TxHoops]

Sorry, but retail gasoline prices have little to do with oil company profits. Its a good thing that the oil companies are profitable. That permits them to employ lots of people, pay lots of taxes, and search for more oil. It also helped this country not need to bail out Exxon when the Valdeez situation came along and BP when the gulf oil spill took place. If they hadn't been making profits, the poor taxpayer would have funded all of the liabilities.

 

Technically, you are correct.  However, as I am sure you know, gas prices are derivative of a significant part of oil companies' profitability. 

[TxHoops]

And for the record, I don't quibble with anything you said after the first sentence.  On top of those well taken points, this is America...companies should be free to make as much money as they desire within the laws. 

[bullets13]

Got to $3.95 during Bush's admin. $3.85 is highest point during Obama. For the most part, the gas prices during both administrations have mirrored each other. Not defending either. Just the facts, sir.

Beat me to it. Also not defending either, but gas went from about $1.50 to almost $4.00 under bush, then dropped back down long enough for people to say "When Bush left office, gas was under two bucks!" before going back up to where it was before.