How can the COST of oil be the cause of high gasoline prices when oil company profits are rising? It seems to me that if oil/gas companies were merely passing along the higher cost of oil to consumers, profits would remain relatively unchanged. However, since oil/gas company profits are increasing, doesn't that mean that someone is passing along MORE than just costs? or are they selling more oil? It seems like simple math to me. It looks like a small number of large companies are taking advantage of consumers by raising profits through increased retail prices even though their costs are not as fast as the prices they charge. Someone please expain where I'm wrong. We are screwed because we have to have gasoline, and there are no real alternatives.