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Bush finds out about $4 gas forecasts
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| Contributor | RP |
| Last Edited | RP Feb 29, 2008 07:33pm |
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| Category | Speech |
| News Date | Thursday, February 28, 2008 06:55:00 PM UTC0:0 |
| Description | President Bush, saying he was unaware of predictions of $4-a-gallon gasoline in the coming months, told reporters Thursday that the best way to help Americans fend off high prices is for Congress to make his first-term tax cuts permanent.
"If you're out there wondering... what your life is going to be like, and you're looking at $4 a gallon, that's uncertain," Bush responded to a question posed at a White House news conference. "And when you couple that with the idea that... taxes may be going up in a couple years, that's double uncertainty."
Bush told reporters that in order for the use of renewable sources of energy - such as corn- and switchgrass-based ethanol - to become widespread, the country needs to increase domestic oil production and build new refineries. |
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