WASHINGTON, D.C.- Wednesday, Oil prices shot to a new record, trading above $132 a barrel.

The increase came as the big Oil Executives were questioned by lawmakers for the big bucks their companies bring in.

Oil companies made 36 billion in profits, in the first quarter.

The Vice President of the Chevron corporation said they reinvest all their profits.

But Illinois Senator Richard Durbin said, "for you to take profits and hold it in cash while the price of gasoline is breaking the back of the American economy, is unconscionable. where is the corporate conscience here?"

Durbin went on to challenge the executives salaries by saying "the 15 United States Oil C.E.O's in 2005 averaged 32.7 million dollars."

Analysts say demand from China and India will likely keep prices in the U.S. high, even as American drivers pull back.