Ellicott City, MD
Congress was about to investigate the gasoline companies for price-gouging when the price of gas stopped following the price of oil. If the cost of raw materials / inputs did not increase 62%, but your price increased by 62%, that seems worthy of a federal investigation. Does that seem like a company is minimizing value, and maximizing profits?
In Econ class, we learn about 'collusion' where companies tacitly agree not to compete (gee, it's funny how all the prices of the major carriers [for the same services] are all nearly identical. This maximizes profit across the industry, until the first corporation acts out of greed, and decides to price-compete, which would suck profit away from other companies.