1> Crude Oil prices went up 5% last week. A 15-cent hike over a 2-week period is roughly the same ~5% increase. You can expect the price to go even higher as the week goes on.
2> Oil companies profits are high, their margins are not. There's a difference. Learn it.
3> The price gains over the past few months are actually more because of refiners wanting to get their piece of the pie than Big Oil. Most oil is refined not by Big Oil but by other companies like Valero. These companies are bumping up their margins to more appropriate levels.
