but china also has an economic incentive here not to get on the u.s. and european union's bad side. the u.s. and european union are china's biggest trading partners there's a lot at stake for all involved. john. >> yeah, this meeting tomorrow huge consequences, jeremy diamond at the white house, thank you. gasoline prices tend to shoot up like a rocket which oil spikes but then crashes. and president is fed up saying gas prices should decrease. gas $3.62 a gallon. now $4.31 a gallon. joining us now is energy secretary jennifer granholm. secretary, thank you so much for joining us as i know so many americans are going to the gas pump and it's just killing, killing them, really, looking at what it's doing to their budgets. what's going on?