U.S. News: Peak profits and empty pockets at the pump

As gas climbs to $5 a gallon, the pain is evident everywhere. Buses are packed. GM is closing factories. The airlines are laying off pilots and flight attendants. Independent truckers are going bankrupt. Real wages slide down and inflation shinnies skyward.

Not everyone in the U.S. is feeling the pain, however. Exxon, based in Irving, Texas, was top producer of profits worldwide for 2007. Conoco Phillips and Chevron...

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