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The oil companies aren't at fault. Remember, when oil was 30 bucks a barrel, they invested. And even though it's traded as a commodity, They kept trading all the way up to is current price of $120 a barrel. They've made the majority of their profits of investing in oil not gouging us at the pump.
If we could refine oil at a faster rate then we could force OPEC to produce more oil and the price would go down. In my opinion that is the safest way to continue to be dependant on foreign oil. They won't produce more until we can refine more.
Now, I agree with dragon, The oil companies don't need tax breaks. The time for that is way past.
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