70% of US gasoline is sold in the US, and before Obama it was 100%; the world pricing is on oil, which is just as low as it’s always been, except gas is priced higher, giving a wider margin than ever before. Did they not have oil exploration in 2019? Why do we have a 10-20 percent margin up until the pandemic, now we are in 40-50% range?

Also, oil exploration isn’t really a thing these days -97% of oil is coming from existing fields using new tech, like shale. They don’t spend money to find it, they already own and know where it all is.

What they will really do with the profit is the same that every major corporation has done - pay it out via dividends and stock buy-backs, increasing shareholder value, not spend on the business, because that extra money isn’t needed - their margins are great without spending a dime extra.