Despite hurricane damage to production and refinery facilities, oil companies are reporting huge profits. Exxon Mobile reports a 3rd-quarter net profit of more than 9.9 billion dollars, the largest in US corporate history and a 75% increase compared to this time last year, so does that mean we've been gouged at the pump?

You may recall paying more than $3 per gallon for regular unleaded shortly after 25% of US oil production was cut in the wake of Hurricane Katrina. John Griffin at the American Petroleum Institute says the high gas prices were supposed to make drivers make fewer stops at the pump, so we wouldn't run out of gas.

John Griffin: "Every gas station wouldn't have gasoline. People would hoard gas, like a lot of times they do, and they start filling up cans and putting it in a garage, which is a bad idea."