Obama Defends Spiking Gas Prices

    ** File ** In this April 25, 2008, file photo Democratic presidential hopeful Sen. Barack Obama, D-Ill., holds a news conference gas station in Indianapolis, Ind. about energy independence. As soaring gasoline prices are suddenly the nation's No. 1 crisis, the presidential candidates are offering cures. Obama has outlined a broad energy plan, which includes windfall-profits tax on oil companies. (AP Photo/Jae C. Hong)

    Jae C. Hong, File / AP Photo

    With gas prices up around 29 cents per gallon over the last two months, President Obama is responding to critics who say he’s not doing enough to keep fuel costs down. At an appearance at the University of Miami on Thursday, Obama laid out an energy plan that denies the existence of any quick fix, a petroleum panacea. Rather, he reiterated a plan that emphasizes more domestic production and greater investment in sources of green energy. The White House has said in the past that gas prices rise and fall in cycles that are for the most part not within the president’s control.

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