APRIL 28, 2006 - Posted at 4:16 p.m. CST
WHITE HOUSE (AP) - President Bush says Americans "expect to be treated fairly at the pump."
But Bush doesn't support a proposal to tax the massive earnings that oil companies are reporting amid high gas and oil prices. At the White House Rose Garden, Bush told reporters, "The temptation in Washington is to tax everything."
Instead, Bush says oil companies need to re-invest their profits in projects to strengthen America's energy system.
Asked if he believes oil companies are ripping off drivers, he replied that he has "no evidence that there's any rip-off taking place."
Now that oil costs so much, Bush says alternative fuels are more competitive. He says that will spur investment to give consumers "different options and different choices."