The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. April 27, 2011 BP Reports $7 Billion Profit amid Rising Gas Prices ---------------------------------------------------- In business news, oil giant BP is reporting it made just $7 billion in the first quarter of the year, a 17 percent increase in profits. BP's profits come at a time when the price of a gallon of gasoline has topped $4 in many parts of the country. On Tuesday, President Obama called for an end to $4 billion in tax breaks for the oil and gas industry. .