Rising Gas Prices
Surprised at how much it cost last time you filled up your gas tank? You're not alone. Millions of families and businesses across the country are feeling the pinch of rising gas prices.
Here's the thing: as long as our economy relies on oil and as demand in countries like China and India continues to grow, we'll be subject to these kinds of spikes in gas prices.
We've been down this road before -- just three years ago, gas prices rose to their highest level ever. There was no quick fix to lower prices then, just as there isn't one now.
For decades, politicians here in Washington have talked a lot about the dangers of our dependence on foreign oil, but this talk hasn't always been met with action. And today, Americans pay a price for that inaction every time they fill up their tanks.
Yesterday, we unveiled a Blueprint for a Secure Energy Future that sets a goal of reducing our imports of foreign oil. By 2025 -- a little more than a decade from now -- we will have cut that reliance by one-third.
Learn more about the Blueprint and watch President Obama's speech on energy security:
In his speech yesterday, President Obama outlined his plan to secure our energy future by developing and securing America's energy resources, bringing energy costs down for consumers, and innovating our way to a clean energy future.
- Increase domestic energy production. Last year, American oil production reached its highest level since 2003. And, because we can't just drill our way out of this crisis, we're reducing our dependence on oil by increasing fuel efficiency and increasing our production of natural gas and biofuels.
- Reduce demand for oil. Transportation is responsible for 70 percent of our petroleum consumption, so one of the quickest and easiest ways to reduce our dependence on foreign oil is to make transportation more efficient. That's why, in April of last year, the Obama Administration established a groundbreaking national fuel efficiency standard for cars and trucks that will save us 1.8 billion barrels of oil and save consumers thousands of dollars. We're also making investments in electric vehicles and the advanced batteries that power them to ensure that high-quality, fuel-efficient cars and trucks are built right here in America.
- Increase production of clean energy. In his State of the Union address, President Obama set a goal that by 2035, 80 percent of our electricity should come from clean energy sources including renewables like wind and solar, nuclear energy, efficient natural gas, and clean coal.
But no matter your views on this issue, I think we can all agree that the United States simply can't afford to leave this challenge for future generations to solve.
Senior Advisor to the President
P.S. Check out our new Advise the Advisor video featuring Secretary of Energy Steven Chu and give us your feedback on how we can meet the President's goal of reducing imports of oil by one-third in a little over a decade:
Contact the White House
The White House • 1600 Pennsylvania Ave NW • Washington, DC 20500 • 202-456-1111
Posted: March 31, 2011
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