Obama: No answer to how much Americans should pay for gas

A big issue on the minds of voters is the skyrocketing price of gas.

Obama referred to the phrase, “there’s no magic bullet.” The president said any politician who says there is one is not being truthful.

Still, an ABC poll released on Monday shows Obama is taking the blame.

The poll shows two-thirds of Americans disapprove of his handling of gas prices, which is a record high for the president, and only eight months before the election.

“Well look, as long as gas prices are going up, people are going to feel like I’m not doing enough, and I understand that,” Obama said.

The president said his fight for a payroll tax cut last year will help Americans afford higher gas prices.

“Ultimately, though there’s no silver bullet. The way we’re going to solve this problem is what we talk about today in our energy report,” Obama said.

The president said America has had the highest domestic oil production in more than a decade.

The nation now exports more crude than it imports, reducing dependence on foreign oil, along with new fuel efficiency standards for cars and investments in alternative fuels.

“The bigger driver of these gas prices is speculation of war in the Middle East, which is why we’ve been trying to reduce loose talk about a war there,” Obama said.

Republicans on the campaign trail see gas prices as a political opening against Obama.

‘Your opponents say they can get gas to the $2.50 range. What do you think Americans should be OK with?” Warmoth asked.

“First of all, nobody believes that. They know that’s just politics. Anybody who says we can get gas down to two bucks a gallon just isn’t telling the truth,” Obama said.

Obama did not give Warmoth an answer as to how much Americans should pay for gas.

However, Obama said his energy advisor did not rule out tapping the country’s oil reserves.



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