What should Obama do about the gas prices?

The first thing you do is raise the margin percentage, it will take about 5 minutes for oil to drop about 20% (see Silver prices). Second, the United States should learn from countries in the middle east, and create a United States oil company. They should nationalize oil fields that aren't being used by the oil companies, and look at other sources of oil. This oil would only be used domestically, and would have a limit as to how much it could be sold to on the open market. That should help a lot.

Obama can't make things work. As a president, okay he may have the power but the only thing he can do was how to deal with the oil price hike. Amending will just make a little changes and more of a high hopes. The crisis the world has been facing right now is getting more and more absurd and the next time we know it, nothing can do to solve it.

I personally don't think President Obama really can do any thing to bring down the prices of gas. There is some things he can do so this doesn't happen in the future though. He can open up more oil fields around the country. Some of our problem is that countries like China and India are becoming big consumers of gas too. President Obama should have given the $200 billion loan guarantee that he gave to Brazil to companies in our own country. Besides we Americans had to barrow this money to loan Brazil. He could have ask the EPA to ease back on the regulations to help with price of gas

Where are you looking? All sorts of solutions have been offered. When gas prices hit records during the Bush and Clinton administrations, they both released oil reserves, which brought almost immediate results. Long term benefits would be gained by Prs. Obama complying with the court order to lift the illegal and unconstitutional moratoriums on drilling in the gulf. The Obama administration could also quit their scam of leasing tracts to oil companies, then, after oil companies spend billions on exploration and preparation, the government refuses to issue drilling permits. In other words, if the Obama administration would have the least respect for the US Constitution and the law, the price of gas would be lower. ::: spitting in his disease ridden face ::::

Thank you, I like the way you set this up for us all to weigh in here. I think it doesn't muCh matter what any US president does because WE don't control the oil prices, THEY do. We have to get rid or our dependence on oil and believe it or not we have started taking steps to do just that. Large American comapanies are now trapping the escaped energy from their plants and reconvering it into cheap energy for surrounding towns. UPS is runnig electric fleets on the streets of NYC. Archer Daniel Midlands Inc. is supplying energy through crops. The federal government is subsidizing billions towards the improvement and development of US railroads. (They made us great once & they run primarily on electric) We need to look at the big picture here. NOTHING can stop the rise of the price of oil and ultimately the price of gas but WE can break our dependence on the resources of the middle east and maintain our greatness.

For me they want that it is low but the businessman don't allow that not go in low they want more gain.

I think that the increase in gasoline prices, like most economic problems, has multiple causes and there is not one simple solution. Recent unrest in the Middle East has not really effected supply very much but has caused speculators to increase prices based on fears of what might happen. The weakness of the US dollar has forced oil companies to pay more dollars for the same amount of oil. The weakness of the dollar reflects the fears about the overall health of the US economy which causes more speculation about the future price of oil. If the government would actually do something to address the weakness of the dollar then the price of oil would stabilize at a lower level. The government must actually address the issue of rising government deficits which would restore the world's confidence in the dollar. Rising gasoline prices are only one of the many rapidly increasing commodity prices that are all fundamentally based on a lack of trust in the government to cut spending, balance the budget and restore the value of the dollar. Price fixing may help in the short term, but a long term solution must come from sound government fiscal policy-not gimmicks.

For one thing he can make bi lines like the ones banks and other big business have that stops monopolies as well as expanded profit margins. Meaning they could only charge a certain percentage over the price of making the oil into fuel. Right now the regulations are sketchy and as we can all see riddled with loop holes. Second thing would be to start using a percentage of what is drilled here in America instead of stock piling it for later. We do not need to dip into our stores just slow down what is being saved and flushing the industry with more national oil and there fore not only does it use our own resources which costs less but will force the international price to drop do to lack of demand for foreign oil.

I think the solution isn't entirely in President Obama's hands. Like what the user above said, gasoline price hike are caused not just by a single factor. The same problem can also be found in other Asian countries as well.