February 23rd, 2012
08:07 AM ET
(CNN) - President Barack Obama will talk about ways to expand oil and gas production and how to decrease the dependence on foreign oil in a speech at the University of Miami Thursday afternoon, the White House said.
Obama's speech in Florida comes at a time when gas prices are soaring around the nation. Gas prices rose 3.3 cents nationwide overnight to $3.61 a gallon, according to AAA.
"The president clearly understands the impact that high gas prices have on middle class families, but unlike some, he isn't interested in engaging in false debates and phony promises," a senior administration official said. "On Thursday, the president will make clear that while domestic oil and gas production has increased under his watch, (and is) currently higher than any time since 2003, the solution requires more than increased drilling, it requires an all-of-the-above approach that leverages technologies."
Press Secretary Jay Carney spoke about the issue of rising gas prices to reporters Tuesday.
"There are no magic solutions to rising oil prices and the pain that Americans feel at the pump," Carney said. "The fact is that the president is very aware of the impact that the global price of oil has on families and this is not something that this administration discovered or rediscovers every spring as some politicians do. Oil production in the United Stateshas increased every year that this president has been in office."
Before the speech, Obama is scheduled to tour the school's Industrial Assessment Center, a place where students learn how to help manufacturers reduce energy costs, the White House said.