Gasoline prices above five-dollars a gallon are posted at a gas station in downtown Los Angeles on Friday, March 16, 2012. (AP Photo/Damian Dovarganes)
Gasoline prices above five-dollars a gallon are posted at a gas station in downtown Los Angeles on Friday, March 16, 2012. (AP Photo/Damian Dovarganes)
Louis Alonzo is reflected on a pump as he fills up a tank at a gas station in La Habra, Calif., Friday, March 16, 2012. Gasoline prices rose again Friday and are now averaging more than $4 in six states plus Washington, D.C. Retail gasoline prices were up a penny on Friday to a national average of $3.831 per gallon, according to AAA, Wright Express and Oil Price Information Service. (AP Photo/Jae C. Hong)
President Barack Obama eaves to the crowd after speaking during a fundraiser at the film studio of actor Tyler Perry Friday, March 16, 2012, in Atlanta. (AP Photo/David Goldman)
A Chevron station displays the price of the three grades of gasoline in Miami, Friday, March 16, 2012. Gasoline prices rose again Friday and are now averaging more than $4 in six states plus Washington, D.C. Retail gasoline prices were up a penny on Friday to a national average of $3.831 per gallon, according to AAA, Wright Express and Oil Price Information Service. (AP Photo/Alan Diaz)
Henry Rice, of Atlanta, pumps gas Friday, March 16, 2012, at a station in Atlanta. Gasoline prices rose again Friday and are now averaging more than $4 in six states plus Washington, D.C. Retail gasoline prices were up a penny on Friday to a national average of $3.831 per gallon, according to AAA, Wright Express and Oil Price Information Service. (AP Photo/David Goldman)
WASHINGTON (AP) ? Pump prices on his mind, President Barack Obama says Congress should kill tax breaks for the oil and gas industry and help develop alternative sources of energy.
Obama said Saturday in his weekly radio and Internet address that he expected Congress to consider in the next few weeks ending $4 billion in tax subsidies, a move he has failed to persuade lawmakers to make during his term. He said the vote would put them on record on whether they "stand up for oil companies" or "stand up for the American people."
"They can either place their bets on a fossil fuel from the last century or they can place their bets on America's future," Obama said.
Industry officials and many Republicans in Congress contend that cutting the tax breaks would lead to higher fuel prices, raising costs on oil companies and affecting their investments in exploration and production. The measure is considered a long shot, given that Obama couldn't end the subsidies when Democrats controlled Congress earlier in his term.
Republican presidential candidates have accused Obama of delaying drilling for oil in the Gulf of Mexico and in a national wildlife refuge in Alaska and faulted him for not advancing the Keystone XL oil pipeline from Canada to Texas Gulf Coast refineries. They have also criticized policies pursued by the Environmental Protection Agency as inhibiting energy development.
Obama said there is no quick fix to high gas prices, which climbed to $3.83 on Friday according to AAA, but he pushed back against critics who say he is opposed to more drilling. He said the U.S. is producing more oil than at any time in the past eight years and has quadrupled the number of operating oil rigs.
"If we're truly going to make sure we're not at the mercy of spikes in gas prices every year, the answer isn't just to drill more ? because we're already drilling more," Obama said. He said his administration was trying to develop wind and solar power, biofuels and usher in more fuel-efficient vehicles to make the nation less dependent on oil.
In the weekly Republican address, Rep. Cory Gardner, R-Colo., said his constituents have been hard hit by an increase in gasoline prices and were "fed up with the way the president is handling this issue, and rightfully so. The most forceful thing the president has done about high gas prices is try to explain that he's against them."
Gardner said the $800 billion stimulus spending sought by Obama promoted energy companies that went bankrupt, wasting taxpayer money.
"After spending money we don't have on what won't work ? and overregulating what would ? is it any wonder gas prices have more than doubled on the president's watch? Make no mistake, high gas prices are a symptom of his failed 'stimulus' policies," Gardner said.
Obama is expected to keep up a drumbeat on energy this week, traveling to four states over two days to push his administration's "all of the above" energy strategy. The trip includes stops in Nevada, New Mexico, Oklahoma and Ohio.
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Obama address: www.whitehouse.gov
GOP address: www.youtube.com/HouseConference
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