Clement wants oil industry to explain gas prices

Federal Industry Minister Tony Clement says he will call on the petroleum industry to explain how it sets gasoline prices.

Source: CBC news rss feed

Gas prices under scrutiny by U.S. officials

U.S. Attorney General Eric Holder has called for American government investigators and regulators to be on alert for instances of fraud and manipulation that keep retail gasoline prices artificially high.

Exxon Mobil profit soars along with gas prices

Exxon Mobil reported a first-quarter profit Thursday of $10.7 billion, a 69 percent jump from the year before as higher crude oil prices, fatter U.S. oil refining and marketing margins, and a revival in global demand for petrochemicals boosted earnings.