Big Oil Rejects Congress Accusations Of Price Gouging

Big Oil chief executives rejected accusations from lawmakers that they were profiteering from excessive retail fuel prices during a Congressional hearing this week. Dubbed "Gouged at the Gas Station: Big Oil and America's Pain at the Pump," the hearing at the House Energy and Commerce Committee was from the start targeting Big Oil as the culprits behind average national gasoline prices of over $4 per gallon. "We will not sit back and allow the fossil-fuel industry to take advantage of the American people and gouge them at the pump," the WSJ…