Oil Companies aren't the problem at 2.5% profit per gallon. Or as an Industry at 6.5% Profit Margin.
Cutting their profit by 50% on each gallon of gas lowers your cost by 4 cents.
Based upon a $3.00 gallon of gasoline, the average break-down is as follows :
Gasoline Retailer $.01 cents per gallon
Oil Company $.08 cents per gallon
Refining $.29 cents per gallon
Marketing/Distribution $.32 cents per gallon
Taxes $.59 cents per gallon
Cost of crude $1.71 per gallon (delivered)
Problem at this time are Gasoline Refineries shutting down.