Obama to address 30-month high in oil prices 

The price of oil jumped to its highest level in 30 months on Wednesday, just in time for President Obama's town-hall meeting on rising pressures at the pump.

Obama plans to discuss increasing gas prices as a segue into his broader energy policies – which include reducing U.S. dependence on foreign oil and ramping up investments in green energy – at Gamesa Technology Corp., a wind turbine manufacturer, in Fairless Hill, Pa.

Earlier Wednesday, the cost of a barrel of oil peaked at $109, the highest since September 2008. Gas prices followed suit, averaging more than $3.71 per gallon by mid-day, according to AAA, Wright Express and Oil Price Information Service.

The event in Pennsylvania will be Obama's second town-hall-style meeting at Gamesa, where he made a campaign stop in March 2008. 

“Fairless Hills is doing what Americans have always done in times of challenge and uncertainty — you’re reclaiming your own future and you’re turning Bucks County [Pa.] into a center for green jobs in America,” he said in 2008. “And these kinds of jobs will only become more important in the coming years, because green jobs are the jobs of the future – not just because they pay well and can’t be outsourced, and not just because they help strengthen our economy and lift up our middle class, but because they help us reduce our dependence on foreign oil and may just save this planet for our children.”

About The Author

Hayley Peterson

Pin It

Speaking of...

More by Hayley Peterson

Latest in Nation

© 2018 The San Francisco Examiner

Website powered by Foundation