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-- shot up nearly four cents a gallon overnight the national average is three dollars 65 cents that's the highest ever for this time of the year that's up twelve cents.
-- just the past week crude oil jumped nearly two dollars a barrel to close at just under 110.
President Obama and his advisors are keenly aware of the correlation.
Between fuel prices and re electability.
Tonight chief national correspondent Jim Angle looks at the Obama record on oil.
The president and the wide -- haven't been shy about claiming credit for doing everything possible to keep gasoline prices -- Oil and gas production in the United States has risen every year since the president's been in office.
Oil production is now higher than it's been -- -- years industry analysts say production is rising not because of President Obama but in spite of -- Today on federal lands in the area where the president has control production in the Gulf of Mexico is down 30%.
Lease sales in the Rocky Mountains on federal lands are down 70%.
He says the president's -- 85%.
Of the outer continental shelf off limits and is only making 3% of the areas under his control available for development.
Numbers don't think tanks and the federal Energy Information Administration confirmed that Republicans are making steadily rising gas prices a political liability one reason the president now takes credit.
For the policies he ran against in 2008.
And who supported driven plan -- the -- -- -- one for seven years the president initially wanted to drive up oil prices to make renewable more attractive and he still denies drilling would help.
You know there are no quick fixes to this problem.
No we can't just drill our way to lower gas prices.
Exploration and development -- take years which is why analysts are you the administration -- now take credit poor decision about drilling made by President Bush and his predecessor.
That production as a direct result of leases issued before this administration.
And as a result of the development on private and state -- On private land oil production is booming and -- to go to the oil and gas drunk -- -- today Atlanta and beyond the president's control and it's gone from producing a small amount of oil to some 450000.
Barrels a day unemployment is 3.3 percent the lowest in the country and the state has a budget surplus.
-- says -- the president unleash the industry the US and Canada have so much oil and gas along with -- we would become energy independent.
We could be energy self sufficient right here in North America in twelve years.
Treasury Secretary Geithner and others are now talking about releasing oil from the strategic petroleum reserve Jack -- says it at least shows the administration recognizes that supply affects prices.
But he argues we have a bigger reserve right under our feet.
If we don't late development.
In Washington Jim Angle.
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