Bush expresses 'zero tolerance' of price gouging in interview as prices spike above $3 a gallon.
WASHINGTON (Reuters) - President Bush warned Thursday against price-gouging of gasoline in the aftermath of Hurricane Katrina and said looters should be treated with zero tolerance.
"I think there ought to be zero tolerance of people breaking the law during an emergency such as this, whether it be looting, or price-gouging at the gasoline pump or taking advantage of charitable giving, or insurance fraud," Bush said in an interview on ABC's "Good Morning America."
Gasoline sellers have been fast to raise prices in the wake of the storm. Prices have risen above $3 a gallon and in some places are higher because of a sudden drop in oil supplies.
Bush said Americans should conserve more gasoline in response to the crisis and said he expected Saudi Arabia to do "everything they can" to provide more oil. He said eight refineries are down in the Gulf and "it's going to take a while" to get them going again.
"I would hope Americans conserve if given a choice," he said. [Read more]
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great lens vrey intersting topic people should conserve more gasoline in response to the crisis...
Posted by: Scoremore | October 07, 2010 at 10:46 AM