MADISON, Wis. -- Eight Democratic governors want President Bush and Congress to investigate possible gasoline price-gouging after Hurricane Katrina, reported the Associated Press.
In a letter, they said that they are concerned about "excessive profits being made by oil companies who are taking advantage of this national crisis."
The letter is signed by the governors of Oregon, Wisconsin, Michigan, Illinois, New Mexico, Iowa, Montana and Washington.
It cites a study by Don Nichols, an economist and director [image-nocss] of the Robert M. LaFollett School of Public Affairs at the University of Wisconsin, who found that the hurricane was not entirely to blame for high prices at the pump.
Bush has asked U.S. Attorney General Alberto Gonzales to handle any price-gouging allegations.
Last week, the Senate passed legislation requiring the Federal Trade Commission (FTC) to investigate price-gouging accusations.
Click here to view the full text of the governors' letter.
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