Governor Granholm asked Michigan citizens not to panic over reports of rising gas prices in the wake of Hurricane Ike on Friday.

Granholm reassured citizens that while prices may somewhat increase, Michigan's current gas supply is sufficient for the demand.

"There is no cause for panic over gas supplies here in Michigan," Granholm said. "My administration is closely monitoring the situation on the Gulf Coast and is prepared to respond to any impact the impending storm may bring."

The governor also reminded citizens that while Hurricane Ike has forced several gas refineries to temporarily close the extent of the damage won't be known for several days. She also noted there is no current shortage of supply, and any potential impact would not be felt for several days.

"In the wake of the  attacks of Sept. 11 and Hurricane Katrina, a few opportunists tried to take advantage of Michigan citizens by significantly raising prices without justification," said Granholm. "Those opportunists were prosecuted, and anyone who tries it now will be prosecuted too."

Granholm has encouraged citizens to report all incidences of price gouging by contacting the Consumer Protection Division of the Attorney General's office at 1-877-765-8388 or on-line at www.michigan.gov/ag.