Oil companies have posted largest profits in history, even after paying those huge salaries. Nothing we can do about that because we live in a capitalistic country where the only reason for companies to be in business it to make as much money as they can.
Not only that, but the countries that produce the oil decide at what price they want to sell, so we have little choice about the wholesale price. They have a coalition and we have nowhere else to shop.
We have alternatives, those dirty isms, like Communism or socialism where the government runs the industry.
We could tax them, as Hillary Clinton proposes, but that's a joke because they pay our leaders well to make sure no such thing happens.
We could boycott by not using oil, but that's not too practical since all our machinery needs it to run.
Actually there is yet another major reason for the price of oil, that's speculation. Investors buy it at a lower price, creating a shortage then resell when the price goes up due to shortage, pocketing the difference. It seems there's a lot of that going on.
The ones not making profit are the gas stations. It is so expensive for them to buy it that even at highest prices they are making very little, so it's possible that even getting gas won't be so easy soon.
So the whole question is so huge and involved we are just accepting it, what else. The story about converting corn into ethenol doesn't work because not only doesn't it work as substitute for the amount of need, but it results in famine when not enough is grown for food.