At the president's news conference this afternoon, Fox News reporter Ed Henry asked the president about Israel and whether talk of attacking Iran was driving up gas prices. Henry then asked, "Your critics will say on Capitol Hill that you want gas prices go go higher because you have said before that will wean the American people off fossil fuels on to renewable fuels. How do you respond to that?"

The president conceded that, in an election year, he wants gas prices to go down.

"Do you think that the president of the United States going into a reelection wants the prices on gas to go higher?" Obama asked incredulously. "Is there anybody here that thinks that makes a lot of sense?"

Obama continued, explaining why in an election year he didn't want gas prices to go up: "Here is the deal: I want the gas prices lower because it hurt families. I meet people every day that have to drive a long way to get to work. And them filling up this gas tank gets more and more painful and it's attacking their paychecks and pocket book. a lot of folks are operating on the margins right now. And it's not good for the overall economy because when gas prices go up, consumer spending often times pulls back and we are in the middle right now of a recovery that is starting to build up steam and we do not want it to reverse. What I have said also about gas prices is that there's no silver bullet and the only why we will solve the problem over the medium and long-term is with an all of the above strategy."

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