industry. shep: national average for a gallon is now 3.92. ed henry is live. president gave us a number of different reasons why we should stop giving the oil payers tax dollars they don t need. reporter: basically using the rose garden to transmit his ideas on the campaign theme. trying to make the case this is an issue of fundamental fairness. when americans are paying more at the pump, these companies should not be racking in huge profits. take a listen. one analysis showed every time gas goes up by a penny, these companies usually pocket another $200 million in quarterly profits. meanwhile, these companies pay a lower tax rate than most other companies on their investments. partly because we re giving them billions in tax giveaways every year. reporter: shortly after the