Western oil is still marking up the cost so that it gets a 45% profit margin above board at the pomt of sale (the gas station).
That's not cutting anyone any slack and its well above what the market price would dictate. (which is also set by them) Its charging the maximum amount the statisticians have determined Americans are willing to pay without crippling outright the interstate commercial cargo transportation industry.
where is that number coming from? everything i read says they make on average between 5 and 8 cents per gallon from the gas station with gov't (local and federal) making about 30 cents.
also, once again, a 10% share of global reserves is not market power to set prices