Reuters
President Barack Obama on Friday said high gasoline prices are eating away at workers' paychecks, calling it a head-wind on U.S. economic activity.
Obama was speaking to workers at a plant in Indianapolis that will start making hybrid auto transmissions in 2013 in order to promote his energy policy aimed at weaning Americans from dependence on foreign sources of oil.
(Reporting by Matt Spetalnick, Alister Bull and Kim Dixon; Editing by Will Dunham)
((kim.dixon@thomsonreuters.com; +1 202 354-5864; Reuters Messaging:kim.dixon.reuters.com@reuters.net))
Read more: http://www.foxbusiness.com/industries/2011/05/06/obama-high-gas-prices-drag-economy/#ixzz1Lb4PqO60
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