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Oil reserves could be tapped to lower prices

Each day seems to bring higher and higher gas prices.

The national average is up 33 cents U.S. over the past two weeks, and now the government is considering taking action.

The Obama administration is looking at all of its options. The issue of reserves is one on the table but only done on rare occasions.

"Thinking about back in the day when gas was almost $2 U.S. a gallon, and now it is almost $4. It's ridiculous," said Akio Posley.

It is a common complain from drivers filling up at the pump, with gas prices near or above $4 a gallon, it's costing more to drive.

AAA says in the Chicago area, the average price for regular is up to $3.71 U.S. a gallon. The rest of the state is around $3.62 U.S. a gallon, compared to the national average of $3.50 U.S. a gallon.

The unrest in Libya is being blamed for the rise in prices. The White House is now considering opening up the strategic oil reserves.

"The issue of the reserves is one we're considering. It is something that has been done on very rare occasions," said William Daley, White House chief of staff.

While the supply could ease prices in the short term, some analysts question how effective it may be in the long term.