Oil companies make about 10 cents profit on the same gallon of gas
Well, this either shows a fundamental misunderstanding of the petroleum industry, or it's a deliberate deception to elicit "sympathy" for the "cash strapped" oil companies.
READ THIS VERY CAREFULLY: this isn't 1875 anymore. Oil companies aren't simply making a profit by refining a barrel of oil, into a few gallons of gasoline.
Modern petroleum companies are highly diversified, making profits in both the upstream and downstream makets, petrochemicals, natural gas, LNG, chemicals, and other feedstocks that result fromt he refining process to make gasoline.
In short, focusing on the profit off of "a gallon of gasoline" is misleading. Cause their also making a profit off off other feedstocks that result fromt the gasoline refinement process, as well as their diversification into other markets of the petroleum industry: as mentioned above.