WASHINGTON, D.C. – Attorneys general in eight states asked the Bush administration on May 20 to join them in investigating whether oil companies are illegally pushing up gasoline prices, according to Reuters. In a letter to President Bush, the group asked him to direct U.S. Attorney General John Ashcroft "to join with us in investigating whether the oil and gas industries are colluding to drive up the cost of gasoline." Attorneys gen-eral from California, New York, Connecticut, Arizona, Minne-sota, Rhode Island, Iowa, and Arkansas signed the letter. The national retail price for gasoline averaged a record $2.02 a gallon on May 17, although pump costs in many states are much higher. Oil companies blame high prices on strong con-sumer demand, federal environmental regulations that require many gasoline blends, the difficulty in building new refineries, and high crude oil prices that account for about half the cost to produce gasoline.
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