They're going broke guys, give 'em a break already!
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Oil analyst Fadel Gheit of Fahnestock & Co. said crude oil prices have actually risen much faster than pump prices over the last year, causing oil companies to lose money on the refining and marketing side of the business.
"All the refining and marketing operations in the United States last year lost money, huge money, hundreds of millions of dollars. Would they have done that if they could fix prices and gouge consumers?" he said.
http://money.cnn.com/2003/02/21/pf/a...ices/index.htm