WASHINGTON – President Barack Obama will deliver a speech on energy and rising gas prices Thursday at the University of Miami, FOX News Channel reported.
White House officials told FOX the president will lay out an "all of the above" approach to the nation's energy security that he has previously outlined and will tout the fact that domestic oil production has risen on his watch while imports have decreased.
Gas prices have continued to climb in recent months, surpassing $4 per gallon in some areas. According to the Automobile Association of America's (AAA) Daily Fuel Gauge Report, the average price of regular gasoline in the US rose Tuesday to $3.57 per gallon, a 12.6-percent increase from the year-ago average price of $3.17.
The White House on Tuesday acknowledged that gas prices were causing Americans to feel pain at the pump, but said there's little the federal government can do to contain rising costs.
"There are no magic solutions to rising oil prices and the pain that Americans feel at the pump," White House press secretary Jay Carney said at the daily White House briefing.