The short answer is no. It might be possible to show those dates in local time given two conditions:
1. We add a local timezone option so we know what "local" is.
2. The camera data properly identifies the timezone of the image. This is more of a problem. I know that my SLR camera records the time in UTC but my pocket point and shoot just puts down the time the camera has been set to.
So, what adjustment do we make to the time? If all your pictures were shot on the Pacific Coast and recorded "local" then the time will be "correct" (At least for viewers who are also on the Pacific Coast.) If not, and the timezone of the shot is not indicated, then one can only assume some offset.
Anyway, since the time of the picture is relative anyway, The only reasonable thing to do would be somehow to tack on the timezone indication of where the picture was taken. Don't know if there is an EXIF field for that, though.