Not a damn thing (and Republicans agree!). Even if Obama authorized companies, today, to drill anywhere they wanted to, market forces wouldn’t reflect the price drop (if any ever came) for months. Here’s a problem with democracy: voters expect leaders to change parts of the world over which they have no actual control, or somehow achieve directly contradictory goals. Should the President talk tough with Iran, and let you guys suffer high gas prices; or fold like Superman on laundry day, so you don’t have to dip into the vacation fund? Pick a side, we’re at war. The only thing Presidents can do is talk about the issue cleverly. Which, admittedly, Obama isn’t doing.
What Can Presidents Do About Gas Prices?