Congress met with the heads of five major oil companies to get some answers to some simple questions. Most importantly: Why should your companies get so many tax breaks and make so much money ($123 billion last year to be exact) while the consumers are the ones paying for it, literally. The executives told the house committee that, yes, it sucks to pay so much for gas but their profits were in keeping with other industries. This is a similar line of reasoning oil companies have used in the...Read Full Story
Where will gasoline prices go, up seems to be the only direction lately. $3.50 may soon look like a discount. Share analysis of trends in gasoline prices and the business and political pressure that's pushing up the cost of fuel.