Wednesday, November 09, 2005

Oil Company Execs Defend Huge Profits

With top oil executives called to address the Senate hearings on windfall profits and price-gauging, the next question is: where are the Visa, MasterCard and banking executives?

As gas prices doubled so too have the bank's credit card interchange fees and then some. Motorist accustomed to paying in cash are more regularly paying with credit cards due to the higher charge for filling up.