Bush: No Quick Fix for Rising Gas Prices

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White House (AP) President Bush says he's troubled by rising gas prices and will take a look at proposals to relieve the crisis -- but warns there's no quick fix.

The President told ABC's “Good Morning America” that “it's going to be a while” before the problem is solved. He adds that America is “too dependent on foreign oil and we need to be exploring more at home.”

Bush is in favor of building new refineries and drilling for oil in the Alaskan wilderness.

He says federal tax rebate checks will help Americans facing soaring gas prices. And he reiterated his call for congress to make permanent the tax cuts enacted during his administration.