CNN.com - Bush orders gasoline price probe - Apr 25, 2006

CNN.com

WASHINGTON (AP) -- President Bush, under pressure about high gasoline prices, has ordered an investigation into possible cheating in the markets.

Bush also planned to announce that his attorney general and Federal Trade Commission will send a letter to all 50 state attorneys general, who have primary authority over price gouging, to remind them to stay on top of the issue and offer federal help to do so. And he planned to call on energy companies to reinvest their profits into expanding refining capacity, developing new technologies and researching alternative energy sources, McClellan said.

Bush's actions are part of a four-part plan to address gas prices in the short- and long-term, McClellan said. The steps are:

Making sure consumers and taxpayers are treated fairly. Promoting greater fuel efficiency. Boosting gasoline supply at home. Aggressive long-term investment in alternative fuels.