Gas prices

Democrats tore into oil company executives for high gasoline prices at a hearing Wednesday The big oil companies own fewer than 5 of the 145,000 gas stations in the US and they are tying to unload those. Retail selling at gas stations in not profitable and those stations make their money by selling other products. The big money maker for oil is to take oil out of the ground at an average cost of $36 per barrel and sell it for $100. The price of oil is set on the world market based mostly on supply and demand. The US could lower gas prices by increasing supply.