Absolutely right. Gas and oil simply isn't a simplistic supply/demand thing.

Now that the oil companies have finally figured out that we will pay literally any price, what possible incentive would they have to bring prices down?

So, because the oil market isn't free whatsoever, and is subject to price fixing and whatnot, it's even more reason why it needs to be de-commodified and regulated. When Exxon reports record profits directly off our backs, for something that we DON'T have a choice in, that's no market.

If we didn't elect oilmen to government, this wouldn't have been so bad.

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Unfortunately, the Founders did not address the possibility of this nation becoming populated with obnoxious twits.