we continue to watch fuel costs skyrocket--shockingly so in the last 3 months--as the average price of a gallon of gasoline breaks records again and again for this time of year. Today, the national average, when I last checked, was $3.91 per gallon. When President Obama took office, Americans paid $1.85 for a gallon of regular gasoline. Now they are paying more than twice that price, with analysts projecting even higher spikes on the horizon. Some are speculating gasoline prices could top $5 per gallon by summer. Now Senate Democrats propose raising taxes on gasoline production. We hear a lot about an all-of-the-above energy approach, and that needs to be put into practice. This should include expanding access to America's critical resources. Instead, the President insists on flawed energy strategies such as using taxpayer money for high-risk projects such as Solyndra, while delaying drilling in the gulf. The President has slowed the permitting process, he has blocked leases, and he has supported higher energy taxes and more regulations. His actions have come at the expense of valuable opportunities for greater domestic energy. The gains our energy producers have made are in spite of the President's policies, not because of them. The de facto moratorium on drilling in the Gulf of Mexico made it clear that strengthening the country's energy security was not a White House priority.…
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We will be conducting vigorous oversight to determine the facts related to these circumstances.





