and as you see on the screen there. and now the president also said that he was considering whether to do a gas rebate as the administration really tries to scramble and look at their options on how that they can bring gas prices down, those very high gas prices. in the past officials have down played the potential of that saying that it is a hard program to put up and of course hard to target to those most in need. now, in arrehoboth yesterday, t president previewed a meeting that oil executives will have with his administration. the president told reporters that he would not be attending but he pushed his administration to have the meet bing because h wants oil executives to answer a few questions, namely why they aren t refining more oil and why they are making these profits as americans are struggling. take a listen. the problem is what they have done, they have cut back on refining, on refining. and they say that because they don t want to be caught in a
okay? now you sound like a republican politician. i m joking. that was a joke. but all kidding aside, no, i don t think it is. there s nothing inevitable about a recession. peter: all kidding aside the nothing has the president has done to lower gas prices has worked. he has been selling a million barrels of oil aa day from the strategic preserve. $5 a gallon on average. by the end of this week he says is he going to decide on either a gas rebate or a gas tax holiday. i hope i have a decision based on data i m looking for by the end of the week. we have a chance here to make a fundamental turn toward renewable energy, electric vehicles and not just electric vehicles. across the board. if the president goes with a gas tax holiday, that s going to be a break with barack obama, who laughed off the idea. we re arguing over a gimmick