By Ben Geman - 05/15/12 02:26 PM EDT
But average regular gasoline prices have been falling for the last several weeks after reaching a peak of $3.94 per gallon in early April.
The Energy Department’s forecasting arm recently walked back its prediction that the average would break $4 during the summer driving season. Prices are currently averaging almost $3.73 per gallon, according to AAA.
“I think the issue in the presidential election is the Obama economy,” Alexander said at the event, hosted by Politico.