Oil execs to take heat from US lawmakers Tuesday

Newswire

By Chris Baltimore WASHINGTON, March 31 (Reuters) - Five U.S. oil company executives set to testify on Capitol Hill on Tuesday about soaring gasoline prices and record industry profits will likely offer a common defense: It's not our fault. U.S. average pump prices have risen steadily since the beginning of 2008 and recently hit a record above $3.20 a gallon, heaping yet more pressure on a U.S. economy beleaguered by an imploding housing market and recession fears. Rep. Ed Markey of ...

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