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President Obama Addresses Rising Gas Prices

Published March 10, 2011 7:00 AM

The White House says President Barack Obama will address rising oil and gasoline prices at a news conference on Friday.

Track the lowest gas prices in the Coachella Valley on KESQ.com’s Gas Tracker

Fuel prices have been rising amid continued turmoil in Libya, an oil-producing country. News that police opened fire to break up a protest Thursday afternoon in Saudi Arabia also has sparked fears that the unrest could spread to that country. Saudi Arabia is the world’s largest oil exporter.

Oil prices soared $3 per barrel in just 12 minutes after the news broke in Saudi Arabia.

At the pump, gasoline is averaging $3.52 a gallon – 41 cents more than last month.

Obama’s news conference is scheduled for 11:15 a.m. Eastern time. It will be his second full news conference of the year.

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