"Us "free market" Obama bashers, I guess, are a little pissed that the price of gas has doubled under his watch. It does not matter how little or how much you use, it still doubled. But then again, NOTHING is ever his fault. The free market is, as you state, doing what it is supposed to do. However, over regulation is preventing it from doing even better. BTW, where does the government get the right to make over 40 cents a gallon in taxes while the oil company that takes all the risk and does all the work profits 9 cents a gallon? The government, with the exception of the military, does NOTHING right."
Can you guess how much the oil companies receive in subsidies from the US? Last I heard it was in the billions. Also, the government does not "make" any money on oil sales, they collect the taxes so that roads can be built (so that you can drive and burn gas). BTW - gas taxes do not even come close to covering the cost of providing roads (but that's a subject for another post).