White House Chief of Staff William Daley says, "We are looking at the options. The issue of the reserves is one we are considering. It is something that only is done, and has been done, in very rare occasions."
Gas prices now topping four dollars in some areas. We've all seen the cause: the unrest and upheaval rippling through Libya and the Middle East.
We're all feeling the effects, that sudden surge at the pumps, threatening to increase the cost of everything from food to air travel.
That's bad news for the economy.
The last time gas prices spiked like this, the answer of drilling seemed simple. However, even drilling proponents realize energy is a long-term problem.
Senator Lamar Alexander, (R) from Tennessee says, "I'm buying an electric car, and that's going to give me the patriotic pleasure of plugging in, and not sending money overseas to people trying to blow us up."
Rising prices and anxiety go far beyond the pumps.
The latest Lundberg survey shows that average national gas price jumped more than 32 cents a gallon.
That's the second biggest leap in history, just behind the spike that followed hurricane Katrina.
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