I remember reading that is all benefits were removed from oil than the price of gas would be between 12-15 dollars a gallon!
And that, children, is why you shouldn't believe everything you read, especially if it's hearsay from an uninformed source on the Internet...
That figure's complete BS - it has to be. Even if you counted all of the oil industry's tax deductions that are analogous to those in other industries as subsidies, (they're not), there's not nearly enough subsidy there to raise the price of gas anywhere near that much - that doesn't even pass a first-order common-sense test...
Do the grade school math: 134,000,000,000 (1.34e9) gallons of gasoline were used in the US in 2011, according to the EIA. Assuming current prices of $3/gal to make the math easier, that means you're claiming the "subsidies" amount to between $9 and $12/gal, for a total of $1.2-1.6 TRILLION. I find that very difficult to believe, since that's roughly HALF of the entire revenue of the federal government...