GUAM JOINS NATIONWIDE GAS PRICE PROBE

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By Tammy Anderson

HAGATNA, Guam (Pacific Daily News, Sept. 6) – Guam Attorney General Douglas Moylan announced that his office is joining a nationwide investigation of gas prices, which continue to reach record highs on Guam and many parts of the nation.

The National Association of Attorneys General, an organization of which Moylan is a member, is spearheading the investigation that will look into obtaining documents and information about fuel prices. The prices of diesel and premium-grade gasoline have surpassed the $3 mark on Guam, and the price of regular unleaded fuel at the pump continues to inch closer to that threshold.

The high price of fuel, Moylan said, falls under his jurisdiction of consumer protection. Protecting the public interest and those who cannot afford to have their disposable income eaten by high gas prices has been the basis for the investigation, said Moylan, adding that the effort is supported by more than 30 state attorneys general.

"I am hoping on our end that we can get information on the methodology that gas companies use to price fuel," Moylan said. "(The investigation) is going to put the gas companies on notice that the AG is not going to let this go unnoticed."

In addition to world events, the shortage of refineries and scarcity of crude oil have driven recent gasoline price increases around the world, companies have said.

The association fosters interstate cooperation on legal and law enforcement issues, conducts policy research and analysis of issues, and facilitates communication between the states' chief legal officers and all levels of government, according to the NAAG Web site.

September 6, 2005

Pacific Daily News: www.guampdn.com

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