President Bush Orders Probe Into Gas Price Cheating

President Bush is trying to calm Americans' outrage over soaring gas prices by ordering an investigation into whether the price of gasoline has been illegally manipulated. During the last few days, Bush asked his Energy and Justice departments to open inquiries into possible cheating in the gasoline markets. Bush planned to announce the action Tuesday during a speech in Washington.

Bush is under pressure to do something about gas prices that have reached nearly $3 a gallon.

Bush has consistently said that gas prices are high because global demand is rising faster than global supply and that the problem cannot be solved overnight.

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