Who--or what--is to blame for high gasoline prices? And what can be done to lower the prices?
President Obama says that Middle East unrest is the chief cause of high gas prices, which are averaging $3.82 across the country. His administration is employing what Obama describes as an "all-of-the-above" energy plan to gradually lessen the pain at the pump for Americans. He is also touting the record-high oil and natural gas production that has occurred on his watch.
Industry executives and other independent experts say that there are certain things Obama can do to lower gasoline prices and that he has been disingenuous by claiming some of the credit for higher oil and gas production.
What, if anything, can the federal government do to lower gasoline prices in the short term? What can Congress and the Obama administration do to wean the country off of oil so that the U.S. is less at the whim of markets and other factors? How will high gasoline prices factor into the 2012 election season?