When President Obama took office in January 2009, the average price of gasoline was $1.89 a gallon. Three years later the average is $3.82 a gallon.
President Obama's response to soaring gasoline prices has been touting algae-powered cars, saying we can't drill our way to lower gas prices, and deriding anybody who puts forth solutions for more American energy. In a speech today in Maryland, President Obama once again directly attacked Newt's plan for $2.50 gasoline. This comes days after the White House Press Secretary called Newt a liar for saying we can lower gasoline prices by producing more American energy.
To add insult to injury, the Obama administration asked Saudi Arabia this week to increase their oil production.
What President Obama refuses to recognize is that we should haven't to bow to the Saudi's for energy. America has abundant energy resources here at home - an estimated 1.4 trillion barrels of recoverable oil that could power us for over 250 years. With the right policies, including immediately authorizing the Keystone XL pipeline, we could dramatically lower gasoline prices below $2.50 a gallon and make America energy independent.
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