White House Acknowledges Rising Gas Prices

Press Secretary Jay Carney says President Obama is "very aware" of the current price of oil, which has topped $106 per barrel.

White House Press Secretary Jay Carney told reporters Tuesday that the administration is employing an all-of-the-above strategy to fight skyrocketing prices at the pump.

The average price of regular gas hit $3.57 on Tuesday, and some analysts believe it will reach $4 per gallon by the summer.

The White House says that it has taken a multitude of steps to mitigate high gas prices, such as tapping into the nation’s Strategic Petroleum Reserve, pushing higher fuel efficiency standards and exploring alternative energy sources. Carney added that President Obama is “very aware” of the rising prices.

Republicans in Congress say Obama could help the situation by approving the Keystone XL pipeline, which they argue would create thousands of jobs. They have accused the president of playing politics with the pipeline, which would transport tar sands from Western Canada to the Gulf of Mexico.

Carney shot back against such criticism.

“They decided to play politics with this decision and attach it to the payroll tax cut extension,” he said, referring to last year’s failed GOP effort.

Carney noted that the U.S. Department of the Interior signed an agreement with Mexico over the weekend to gain access to roughly 1.5 million acres of the Outer Continental Shelf. According to DOI’s Bureau of Ocean Energy Management (BOEM), “this area contains as much as 172 million barrels of oil and 304 billion cubic feet of natural gas.”

Meanwhile, Republican presidential candidate Newt Gingrich charged this morning that Obama would like gas to become more expensive. Carney dismissed that notion, accusing Gingrich and others in the GOP of over-simplifying the issue.

“This kind of situation that comes periodically…often results in magic solutions being put forward by politicians who may or may not know what they’re talking about.”

Tags: , , , , , , , ,

Geoff Holtzman
Geoff Holtzman is Talk Radio News Service's Deputy Bureau Chief. As one of TRNS's primary correspondents, he helps cover the White House and Capitol Hill. Geoff also covered the 2012 presidential campaign, following the candidates to Iowa, New Hampshire, South Carolina, North Carolina, Florida and elsewhere. In the process, he learned that not all Motel 6's are created equal. Follow Geoff on Twitter @Geoff_Holtzman.

TRNS News Notes — 4/23/14

News Notes

Ukraine: Kerry warns Lavrov

U.S. soldiers to Baltics

Obama / China: war of words?

Click here for: Wednesday, April 23

● Indians, Eskimos are prone to early death

● Students cautioned on loan “auto-defaults”

● State prisons are filled with repeaters

● Where did the Class of 2013 go?

● Family leave expansion promoted

● College sued for religious discrimination

South Korea Fears Nuclear Test From The North Ahead Of Obama Visit

Photo/KCNA News

“We confirm that we have spotted several activities related to the nuclear test in Punggye-ri in North Korea,” the South Korean Defense Ministry said Tuesday.

Perry Challenges Cuomo On Economic Policy

Photo: Lisa Kellman/TRNS

Perry challenged New York Governor Andrew Cuomo to a debate on economic policy, charging that Cuomo’s policies are harmful to businesses.

PHOTOS: Cowboys And Indians Rail Against Keystone Pipeline

Keystone

All photos: Maria Rada/TRNS

In Ukraine, Biden Pledges $50 Million In Military, Electoral Support

Joe Biden with Ukrainian Prime Minister Arseniy Yatsenyuk

Burdened with more than $2 billion in Russian energy debts, Prime Minister Yatsenyuk also appealed for U.S. government and private sector energy investment.