Let's see. Exxon makes an 8 cent per gallon profit on every gallon of gas. The Feds take around 35 cents per gallon. Who exactly, is gouging the American people?
BUTbutBUT....oil company profit on a gallon of gasoline is based on a percentage, so higher gas prices means more profit for the greedy oil companies. Taxes are fixed, so they do not increase with the price. The high gasoline prices are driving down purchases which is hurting tax revenue.
We need to drill for more tax revenue. It is plain as day.