Department of Interior Secretary Ken Salazar said that “no one knows” if gasoline prices in the United States will reach $9 per gallon, and acknowledged that the possibility is outside his control.
“I don’t think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy,” Salazar told reporters when asked if gas prices could reach $9 per gallon, as they have been in Greece. “Where it will all end, no one knows.
He explained that “what we see happening today are the influences first of unrest in places like the Middle East and Iran, which disrupt the markets and allow the futures markets to play on some of what they see [in] the unrest around the world; and secondly the huge demand that you’ve started seeing in places like China, India and Brazil.”
Salazar touted President Obama’s “all of the above” energy policy and the prospect of renewable energy, but warned that “we do not control the price of oil.”