I thought the price of oil determines gas prices?

OK.. Heres the thing.. (Are you stting comfortably?) Supply and demand are the starting point with oil as it should be. But there are the political aspirations of the supplier to be considered. For example, Saudi arabia wants some new missile system from the west. So they cut production and the price goes up till they get it.. Of course they would never do that and Americans would never submit to such blackmail 😂 Then there is the taxation by the importing government, monumental in Europe. Less in Australia and lower still in America.. But... More recently the Covid pandemic has shown the oil industry has found a way to make more money. By reducing supply a little they can remove discounting from the equation and reduce the overall production cost as well.. Winner Winner for the companies. This reduction of supply and discounting is noticable in a number of consumer consumable industries currently. There is even talk of airlines actually reducing the number of flights on long haul routes to reduce discounting. (And the fuel price remaining high is part of that equation too)😂