Just to put it in perspective:
2002 =$1.47 a gallon
2008 =$3.79 a gallon
Oil Company profits
Pete DeFazio (D-OR) explained the finances behind the bill and why almost every Republican in the House opposed it.
"The oil and gas industry contributed $166 million to the Republicans since 1990, 75% of their political contributions. In fact, when President Bush took office, gas cost $1.47 a gallon. Today, gas costs $3.79. In fact, in 2002, the oil companies made $30 billion in profits. In 2008, it's projected they will make an unbelievable record $160 billion of profits, every penny extracted from American consumers and American small businesses and borrowed from overseas, putting us in huge trouble. The oil companies took care of the Republican cronies and the Republicans legislated on their behalf."