Congress Wrangles Over Fuel Prices

Exxon Mobil is calling it quits in the US. The largest publicly traded oil company in the world is selling its retail gas stations in the US because of the high cost of crude. Of the 12,000 stations that carry the Exxon logo, Exxon owns and operates 2,200 of them. A spokesperson for the company says consumers will still be buying gas at stations that have the Exxon Mobile name but the stations will not be owned or operated by the company. On Capitol Hill, the tug of war continues between Democrats and Republicans regarding what to do about the rising price of gas. Democrats want to transfer the high cost consumers are paying at the pump to profiting oil companies while Republicans say the problem can be solved by digging for more oil. FSRNs Karen Miller has more

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