President Bush has announced a plan to help the country deal
with the rising cost of fuel.
The first part of that plan involves deferring summer
deposits to the Strategic Oil Reserve, thus putting that oil back into the
market, according to a speech Bush made Tuesday, April 25.
CNN reported that the deposits are relatively small
compared to the nation’s daily consumption, but Bush, speaking at the Renewable
Fuels Association in Washington, DC, said “every little bit helps.”
The plan also calls for promoting fuel efficiency, boosting
the U.S. fuel supply, and investing in alternative fuels.
In addition, Bush has asked the Department of Energy and the
Department of Justice to open inquiries into possible cheating in the gasoline
Bush said consumers must be treated fairly at the fuel
pumps, CNN reported.
“Americans understand by and large that the price of crude
oil is going up and that (fuel) prices are going up,” he said. “But what they
don’t want and will not accept is manipulation of the market. And neither will
Meanwhile, ProMiles reported a national average price for
diesel of $2.907 per gallon on April 25, up more than a penny from the previous