Rep. Chris Van Hollen (D-Md.) said Sunday that President Obama should release oil from the Strategic Petroleum Reserve to ease rising gas prices.
"I would say with respect to price, we've seen a supply disruption as a result of Libya, which has helped feed a speculative bubble. And the only way to address that in the very short term is to consider releasing some of the oil from Strategic Petroleum Reserve," Van Hollen said on CNN's "State of the Union."
"The one thing we can do now and quickly to pop the bubble would be to take - release some of the oil" Van Hollen said. "And you get a good price for the American tax-payer, too."
The average national price for a gallon of regular gasoline is $3.94, according to AAA's Fuel Gauge report.
But Sen. John BarrassoJohn BarrassoObamaCare premiums expected to rise sharply amid insurer losses Palestine is latest GOP offensive in climate change wars Senate GOP sticks with leadership team MORE (R-Wyo.), who appeared with Van Hollen, disagreed.
"The strategic reserve has oil in it basically for about 66 days of how much we use in this country. It's there for specific emergencies, and this isn't it," he said.
"Prices are up now because there is increased global demand for oil. The dollar is terribly weak right now internationally, and it's because of the economic policies of this administration and our incredible debt, and also there is turmoil in the Middle East, which is why we need to become more American energy dependent as opposed to foreign energy dependent."