[nomadking]

Originally Posted by Jaymoss

Of course it is their fault. Ultimately they are the ones(among others) charging the inflated prices because demand is high. They do not have to they just are. You just have to see their profits to see where the money is going

They don't set the prices.
Link

​Unlike most products, oil prices are not determined entirely by supply, demand, and market sentiment toward the physical product. Rather, supply, demand, and sentiment toward oil futures contracts, which are traded heavily by speculators, play a dominant role in price determination.