WASHINGTON (AP) - President Barack Obama has scheduled a news conference today hoping to tamp down worries about rising gas prices.
With gas prices now averaging over $3.50 a gallon, the president has concluded it's time to confront the concerns of Americans directly. People's fragile optimism about the economy has been shaken by the spike at the pump.
With Libya in turmoil and protests appearing in Saudi Arabia, traders have sent crude prices surging. Not surprisingly, the political parties in Washington are trading shots about who's responsible.
Meantime, the questions to Obama also will focus on the options in Libya -- where Moammar Gadhafi's forces have gone on the offensive against pro-democracy rebels.