You and me and everyone else has control over the price of oil. When gasoline price is rising, don't fill up, just buy what you have to have for the short term.
Our, as consumers trying to predict oil $ is about as accurate as predicting the weather without ever listening to a weather report.
As to the US oil companies hustling you, if it weren't for the shear volume, no one in their right mind would survive, much less prosper on the minuscule margin they get.
OPEC is a different animal, they just profit from luck. On the other hand, considering where and how they live, damn few of us would consider that a good luck of the draw.
" When gasoline price is rising, don't fill up, just buy what you have to have for the short term. "
Yeah, even if that's possible when I can gather and rub 2 nickels and 1 penny together to even get the car up the road.
Soon enough the price of milk just to get your morning breakfast cereal will be higher than a gallon of gas.
Soon enough milk will be what ? $ 7 a gallon ? $ 8 a gallon ?