Obama's poll numbers on the economy remain bleak. Something for his advisors (and opponents!) to ponder - higher oil prices are in part the result of a stronger global and US economy. However, the stronger economy won't help the public mood unless people see job growth to offset higher prices at the pump, and right now the leads and lags are not working for the Team That Got Osama.
Of course, Administration foot-dragging on offshore drilling permits, fracking rules, and All Else Oil won't help them with the public either. And since higher oil prices are the centerpiece of the Admin strategy to promote conservation and alternative energy, well, any promises they make to Do Something come off as a bit hollow.