Oil Pricing, Part Two

In a related thought, gasoline prices at the pump are too high and still rising, so of course we need to end oil company sunsidies and raise taxes on oil companies. Somebody please tell me how this makes any sense. The price we are paying for their product is too high and is ruining us, so we are going to counter by raising their cost of doing business. Raising their cost of doing business is going to cause them to lower their selling prices. This is "Through The Looking Glass" type of thinking.