Sen. Dick Lugar (R-Indiana)
(Washington, D.C.) – With gas prices rising to near $3.50 a gallon in Indiana, Sen. Dick Lugar (R-Indiana) is urging President Obama to make America more energy independent for the sake of its economy.
Tracking website www.IndianaGasPrices.com says the state’s average price for regular unleaded is at $3.53 per gallon Thursday. Hoosiers are paying about a dime higher than the national average and nearly a dollar more than they were a year ago.
According to CNN, oil prices rose about seven percent in February. By Wednesday, a barrel was trading at $101.
During a hearing Wednesday at the Senate Foreign Relations Committee, Lugar told Secretary of State Hillary Clinton that “the State Department and other agencies must be devoted to U.S. energy security.”
“The disruption of oil from Libya has impacted world markets causing the price of oil to spike above $100 a barrel and raising the prices Americans pay at the pump,” Lugar said. “Volatile oil prices are a threat to U.S. economic recovery, and dependence on foreign oil limits our foreign policy choices. We are living in an age of extreme vulnerability to oil supply disruptions from war, instability, terrorism, or embargo.”
Indiana’s senator said the country must end what he called a “dangerous” over-reliance on oil imports.
“We must find more domestic resources, improve our efficiency and improve international cooperation.”
Lugar pointed to the Obama Administration’s moratorium on off-shore oil drilling as a problem, adding that the country should develop new forms of liquid fuel and find ways to increase the fuel efficiency of vehicles.