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House, Senate Leaders Urge Probe On Oil Prices

Law360 (April 24, 2006, 12:00 AM EDT) -- Joining the growing ranks of consumers and politicians seeking an explanation for recent skyrocketing gasoline prices, House Speaker J. Dennis Hastert (R-Ill.) and Senate Majority Leader Bill Frist (R-Tenn.) are taking the burgeoning debate to the top, asking President George W. Bush to order investigations into possible price-gouging by oil companies.

While Rep. Hastert and Sen. Frist recognized that supply constraints and increasing demand have a direct impact on prices, they told the president that federal law enforcement agencies should take “every available step” to ensure...
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