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

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Rep. Tim Burchett of Tennessee criticized big oil companies for monopolizing the industry and raising prices at the pump. He advocates restricting diesel exports to alleviate the financial burden on American consumers.

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)