This from foxnews.com this morning and has already been discussed on CBS National News this morning. President Bush in an expected speech today will announce that he will instruct the Federal Energy and Justice departments to begin an investigation into the high gas prices.
The President will instruct the Federal Trade Commission and the Attorney General to send letters to the 50 state attorney generals to remind them of their primary authority over price gouging and to offer federal assistance.
The best news is that the President’s actions will be part of a four-part plan to address gas prices in the short- and long-term. 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.
