It is not the Oil Companies that set the gas prices.
There is less oil than there is demand in the world, and that is why oil prices go high, the oil companies have nothing to do with it. I am taking Economic class and that is how I know, not by someone that is working in oil company. Right now the perscentage of oil that U.S. is importing is about 30% imagine what it will be in few years when the percentage of oil that is importet goes up, and it will only go up. The Middle East is holding the oil of the future.