No. The oil companies don’t set the retail price at the pump.
Technically true but grossly misleading. If the oil companies charge a filling station $X/gallon for gasoline wholesale, the station isn’t going to sell it for less than $X/gallon retail.
Is it more likely that the present disparity between peak gas prices and non-peak oil prices are the result of
- a handful of huge oil extraction and refining companies pocketing the gap between non-peak crude oil prices and peak gas prices,
or - the wholesale gas price tracking the crude oil price but thousands of filling stations, many across the street from each other, jacking up the retail price?