It is manipulated. "Cartel middlemen" jacking the price because they were instructed to do so (or just based on the false narrative being pushed), just like beef prices. Fortunately, the solution is the threat of criminal prosecution for "price collusion" by the DOJ to force backdown or deals cut. Just ask the egg and beef cartel how that's working for them. Several indictments have been issued, and you may see civil asset forfeitures on top of corporate funds frozen (suspected).

The US is currently swimming in oil, but limited in refinery capacity and distribution due to forced refinery and pipeline shutdowns by Governors in blue states (see CA as EXHIBIT#1). Fuel capacity is also limited somewhat intentionally by state rules on "fuel mixture content requirements" specifically to keep prices high so they can collect MAXIMUM TAXES (which are a % of price).