White House Strategy on Rising Oil prices? 'Monitoring Them'

TAPPER: The oil prices and how they've been skyrocketing up - what is the administration's response to Bernanke's comments yesterday about concern that if they -- if they stay up there, it could significantly damage the economy? What is the administration doing about it, and who is the point person in the White House or the administration on this issue?

CARNEY: We, as you know, are closely monitoring the situation. We are -- the president is extremely aware of the impact that a spike in oil prices can have on gasoline prices and therefore on the wallets and pocketbooks of average Americans. And we are monitoring that closely.