Thursday, April 07, 2011

Asked About Rising Gas Prices, Obama Says, 'Think About A Trade-In’

Asked About Rising Gas Prices, Obama Says, 'Think About A Trade-In'
CNSNews ^

Posted on 04/07/2011 7:04:04 AM PDT by Sub-Driver

Asked About Rising Gas Prices, Obama Says, 'Think About A Trade-In' Thursday, April 07, 2011 By Susan Jones

(CNSNews.com) - At a gathering in Pennsylvania Wednesday, President Obama told a man who questioned him about rising gas prices to think about trading in his gas guzzler for a vehicle with better mileage.

With demand for oil contributing the price hike – and on top of that, the upheavels in the Middle East making folks "nervous" -- President Obama said there are three things the U.S. can do – but nothing that will work in the next few weeks.

One solution, he said, is to increase U.S. oil production. But, he added, "We can't just drill our way out of the problem. And that's why the second thing we can do is increase efficiency on cars and trucks, which is where most of our oil is used."

Obama said the third step is to "start looking at electric cars, and maybe natural gas cars, so that we're not just using petroleum to power our vehicles."

Addressing the questioner, Obama conceded, "None of that is going to help you this week, though. So, like I said, if you're getting eight miles a gallon you may want to think about a trade-in. You can get a great deal. I promise you, GM or Ford or Chrysler, they're going to be happy to give you a deal on something that gets you better gas mileage."

(Excerpt) Read more at cnsnews.com ...

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