Big oil profits and gas prices

Friday, May 13, 2011 - 12:21pm

Tyler, TX — KFXK wanted to find out how big oil tax breaks might be affecting the cost of gas.

Every time black gold spikes and gasoline prices soar, some politicians in Washington, DC start grand-standing about big oil profits.

KFXK wanted to find out how big oil profits affect you. For many Americans, it can be hard to understand why big oil needs to make big money.

KFXK asked a financial expert to sort fact from fiction.

Analysts will tell you the marketplace is all too unpredictable.

Therefore, experts say there's a relatively simple solution to keeping almost everyone happy.

Let the big oil companies keep their profits, to help keep gas prices under control.

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