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POLITICSBloomberg Markets·23h ago

Oil Companies Taking Advantage of American Public, Says Rep. Burchett

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Representative Tim Burchett is proposing restrictions on diesel exports to address high fuel prices. He accused major oil companies of price gouging and maintaining a monopoly on the industry. The Tennessee Republican argued that these companies are taking advantage of the American public.

Representative Tim Burchett, a Tennessee Republican, wants to restrict diesel exports and says 'the American public is getting gouged.' Burchett said that big oil companies are 'compounding the problem' with prices at the pump and taking advantage of the American public because they have a monopoly on the industry. (Source: Bloomberg)

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