President Obama Discusses Gas Price Hikes, Control

BALTIMORE (WJZ)—The president is prepared to take action over painfully high gas prices caused by the uprising in the Middle East.

Mike Schuh explains Marylanders are now closer to paying $4 a gallon.

For the 17th straight day, the price on the sign boards are higher than the previous day.  Experts say we will look back wishing we could buy gas at these prices.

The sudden rise has risen to the top. The president sent a message on the topic.

“We’re adapting, we’re producing more oil, and we’re importing less,” said President Barack Obama. “Our automakers are manufacturing more fuel-efficient cars.”

In fact, he says we’re using 7 percent less oil now than the last price shock in 2005.

The president says the long-term key is cars that get much better gas mileage.

A mid-size Ford Hybrid gets 41 miles a gallon in the city; it costs $32,000. It’s just what buyers are looking for.

“I would say that 20-25 percent of our customers are coming in now saying ‘I was thinking about holding off trading in my gas guzzler, but now with it going to $4 a gallon I want to do it now because I’m not going to be able to afford to go to work anymore,’” said Ernie Galarza, Len Stoler Ford.

“I get 20 miles per gallon with my car and we’re looking for 27 miles per gallon,” said Jeanne Linton, car buyer.

But should gas prices top $5 a gallon, no matter what the Lintons drive, “I’ll park it,” said her husband Joe Linton.

The president says he’s also looking at expanding oil exploration and drilling off the mid-Atlantic coast.

The president also says they’re looking at releasing some of the 727 billion barrels of oil stored in the strategic oil reserve, but the time is not yet right.

More from Mike Schuh
Comments

One Comment

  1. Herman Glimsher says:

    YIPEE!!!

    I’M SURE OBAMA WILL HAVE ALL OF US RIDING BIKES SOON…………..THERE’S PLENTY OF OIL OUT THERE IF THEY’LL JUST GO AND GET IT……………..WE’LL HAVE TO PUT THE ENVIRONMENT ON THE BACK BURNER IF WE WANT TO FIX THIS ECONOMY!!!

    AND, IF THEY’RE GOING TO MANDATE THAT WE CAN ONLY DRIVE HIGHLY EFFICIENT CARS, MAYBE HE SHOULD MANDATE THAT THE HOLLYWOOD ELITE CAN’T FLY IN 707’S OR OTHER CHARTER AIRCRAFT THAT USE TONS OF FUEL TO SHUTTLE A FEW PEOPLE AROUND!!!

  2. Kay says:

    If they want use to get fuel efficient cars, they better pay for them.

  3. Denise Jeannetta says:

    THATS NICE….IS OBAMA GIVING ME ME MONEY TO BUY A “FUEL EFFICIENT CAR???……

  4. Rj says:

    What a joke. I wonder if “the beast” is a flexfuel/hybrid vehicle. Hell Just take a look at a presidential Motorcade, I wonder how many of those SUV’s that line the streets for miles get over 20 MPG

  5. Brian Turley says:

    Hey maybe it time for him to take a cut and pay and take days off with out pay and pay for his food and aslo pay for his gas maybe his be said something diffent.

  6. Brian Turley says:

    hey Obama, Why dont you pay for your gas, and try to live like us american;cut in pay,take days off without pay and buy your own foods maybe you will be said something diffent huh.

  7. Jonathan Chiles says:

    First, Many Gov’t Vehicles run on Ethanol – E85, not gas. As for the President, and his motorcade; he will never win this argument. It is either protection, or fuel economy and possibly death. He is going to have use the “beast”. I’m sure he could reduces his trips by 10%. Every little bit helps right? But the fact is, The President doesn’t have the ability to lead by example, but I am sure he would if he could.

    I don’t believe that drilling would solve the problems we have. Before you challenge me hear me out.—-
    Look up how many idle wells we have out in the gulf, as well as total wells? It is in the THOUSAND’s. Additionally, look at how many Refineries we have. Then you may want to look up when the last time we built a refinery. (I’m betting it has been a while, since no one want’s it in their back yard. )
    My point is, you can have all the wells you want, but if you can’t get it from Crude to Refined, fast enough, it doesn’t matter how much you have in supply.
    In addition to that, talk to any expert about the time it takes an average Barrel of Crude to go from Raw product to Diesel . It certainly does not happen over night!!!!!
    It has been said over an over that there is no supply or distribution shortfalls, and yet our fuel prices have jumped based on fear! (speculation) And because gas stations are allowed to charge an unlimited % over cost. They should be regulated to within a justified percentage, and not be able to charge on what they haven’t purchased yet. If you want to stop price gouging, this is where it starts. I’m not saying they shouldn’t be able to make a profit, but they shouldn’t be able gouge either, using any excuse to jack up prices.
    Here’s food for thought, how come – during the entire gulf oil disaster with them having a GUESS-timated amount of crude coming out of that well; that gas prices didn’t even move. Yet we are talking in the thousand’s of barrels wasted. Yet nothing different at the pump. Yet We get a little hic-up in the middle east and everything goes to all hell???

  8. Marylander Rights says:

    We Need To Start Protesting, Not Sitting Around Complaining
    Our leaders don’t give a hoot about our welfare and so forth. If they did, there be fair taxes, finding ways to lower water and energy rates, help the poor who strugglging to keep their home and put food on the table, imporve education, creating new jobs, and not giving away our money to illegal immigrants that have no right to our benifits and pay for their education. The leaders claim they need money, yet give it away to non-native nor non-american people who live here and throughout America. But no one putting their foot down, only sitting back and complaining. Well words are words, action is action. You can put those words to use, and write your local and country leaders and hope for change, or do nothing and find yourself homeless and jobless? Then their is protesting in front of your leaders place of work. Being present is more effective than not being there.

    http://www.facebook.com/home.php?sk=group_193990950635086&ap=1

  9. Nelson says:

    How much longer do we have Obamanation? Hey everybody, don’t worry, entitlements will take care of all of us. Sad to say but if he messes with trying to freeze gas prices, you better buy a sleeping bag because we’ll all be camping out to buy our gas. My heart goes out to the small business person as they will soon have no business.

  10. RWJusti says:

    Open drilling for existing wells and permits for new drilling in OUR country. We could reap the benefits and profits ourselves.

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