This Administration has blamed the oil industry. I have no doubt that if the oil industry could make a few cents more per gallon, they would try to do so at any point in time. So really you were paying only 60 cents for a gallon of gas, less than a gallon of water. That gasoline was probably produced somewhere in Saudi Arabia, refined, and shipped here in ships on which they spend billions to keep as safe as they possibly can. You take a gas pump nozzle, put it in the receptacle, and the gas goes into your tank.
Nobody ever doubts the quality of the gasoline or likely gives much thought to where it came from.
It is a remarkable thing that the oil industry can do that. It is not like an American tax on gasoline where we take that 40 cents with which to build roads and other things. It is a tax by OPEC on us. It is a drain on the wealth of this country. It threatens our economic vitality and growth.