One other problem is we can't refine it fast enough. Refinery workers are working major overtime and still can't make it fast enough. Wht?
Simple, we need to build more refineries but congress won't let that happen. Even if they did the NIMBY mofo's will all protest any new refinery sites.

BTW, adding taxes to the oil companies will only raise the price further. Big business DOES NOT pay taxes! If the government imposes a tax on them they simply pass it on to the consumers as "the price of doing business"!

Drilling for oil and building refineries will also help stimulate the economy with the creation of many new jobs. Sombody has to man the new refineries and run them drills and pumps.

Consider the political candidate's position on drilling and refineries this fall, life as we know it may well depend on it!