alt Hacker NewsIt's more complex than that. US crude oil extraction companies don't want prices to climb too high as longer term that destroys demand and encourages customers to find alternatives. Something in the $75–80/bbl range for WTI crude is probably optimal to maximize long-term industry profits.
They can afford to let domestic prices increase more due to the political allies they have. When burning oil is subsidised by wind farms are banned that's a win-win for the oil companies.