With the price of gas becoming an increasingly critical issue on the campaign trail, President Obama admitted today that "as long as gas prices are going up, people are going to feel like I'm not doing enough."

"I understand that, because people get hurt when they're going to the gas station and seeing those prices rise every day," Obama told ABC's Orlando, Fla., affiliate WFTV.

The president's comments came in response to a new ABC News/Washington Post poll which found 65 percent of Americans disapprove of how the president is handling the rising price of gas, while just 26 percent approve.

Obama has defended his "all-of-the-above" energy strategy against Republican attacks in recent weeks, touting the "historic achievements" of his efforts to reduce the nation's reliance on foreign oil.

Calling for an end to $4 billion in oil and gas subsidies, the president has argued that nation should invest in alternative energies to ease the pain at the pump.

"Obviously, what we want to do is to get gas prices as low as we can, as quickly as we can, but the most important thing in order to do that is to reduce our demand on oil," Obama told WFTV.

The president also blasted his Republican opponents who claim they can bring gas down to $2 a gallon.

"Nobody believes that," Obama said. "They know that's just politics."

As for Republicans calling for increased drilling, the president said they are not telling the truth.

"The issue here is not that we're not drilling enough. The problem is we only have 2 percent of the world's oil reserves and we use 20 percent of the world's oil," he said.