Home > newsroom > Page
Gasoline Prices Set Record High as U.S. Becomes More Dependent on Foreign Oil
Obama Administration once again considers tapping Strategic Petroleum Reserve

WASHINGTON, D.C., August 20, 2012 - AAA announced today that the national average price of gasoline reached $3.72 per gallon– the highest price on record for August 20th and a 12 percent increase since July 1st. Unfortunately, gasoline prices aren’t the only thing increasing, so is our Nation’s dependence on foreign oil. The New York Times recently reported that:

“The United States is increasing its dependence on oil from Saudi Arabia, raising its imports from the kingdom by more than 20 percent this year, even as fears of military conflict in the tinderbox Persian Gulf region grow.”

As families and small businesses continue to struggle with rising prices at the pump, the Obama Administration continues to send American dollars and jobs overseas by blocking production of U.S. energy resources on federal lands. For example, President Obama’s proposed offshore lease plan will keep over 85 percent of our offshore areas off-limits to American energy production for the next five years and was rejected by the House of Representatives in a bipartisan vote. We have the resources here in the United States to increase our energy independence, but instead the Obama Administration is choosing to keep those resources under lock-and-key while continuing our dangerous reliance on Middle Eastern oil.

Instead of increasing production, the Obama Administration is once again contemplating tapping the Strategic Petroleum Reserve, which is only intended for emergency situations, not short-term political gains. As Chairman Hastings noted in June of 2011 when the Obama Administration released 30 million barrels of oil from the Reserve:

“Rather than tap the SPR, weakening our domestic security should a real supply disruption occur, we should look to develop our true oil reserves in the Gulf, Alaska, the Outer Continental Shelf and our public lands in order to create jobs, lower prices, reduce our dependence on unstable foreign energy, and strengthen our national security.”

###

Printable PDF of this document


Contact: Jill Strait, Spencer Pederson or Crystal Feldman 202-226-9019

Latest News

Proposed Legislation Aims to Ensure Input of Local Communities in Federal Land Management Decisions

Today, the Subcommittee on Federal Lands held a legislative hearing on the discussion draft of “Locally-elected Officials Cooperating with Agencies in Land Management Act (LOCAL Management Act).” The ...... Read more

Environmental Laws Threaten Safety in Borderland Communities

Today, the Subcommittee on Oversight and Investigations held a hearing on impediments imposed by federal land management regimes in securing the international borders of the United States. Federal lan...... Read more

Federal Land Management Agency’s Duplicative Regulation Acts in Opposition to Its ‘Stated’ Purpose

Today, the Subcommittee on Energy and Mineral Resources held an oversight hearing on a recent regulation issued by the Bureau of Land Management (BLM) regarding methane on federal lands. While the BLM...... Read more

View All News

Calendar

No upcoming scheduled events

View All Events