PLAN ELEMENTS Three prongs

President Bush outlined Tuesday how he intends to ease high fuel prices. His short-term strategy includes the following three prongs:
Relief for consumers. Bush said the Federal Trade Commission, the Justice Department and the Energy Department are investigating whether gasoline prices have been unfairly manipulated. The administration has urged all 50 state attorneys general to investigate possible illegal price manipulation. Bush also called on Congress to take back some of the tax breaks for energy companies.
Incentives for fuel-efficient vehicles. Bush urged Congress to expand tax credits for people who buy hybrid and clean-diesel vehicles.
More domestic supplies. Bush halted government purchases of crude oil for the Strategic Petroleum Reserve until fall, ostensibly freeing that supply for consumers. He also allowed the temporary suspension of clean-air rules requiring certain additives in gasoline that reduce pollution. The rule suspension makes it easier for refiners to meet demand, possibly lowering prices at the pump.
Source: Associated Press