oil spill. a new crude reality to tell you about. higher gas prices, they are back. gas was $2.74 a gallon a year ago. it s now $3.09. that s the current average. that s 14% more than four months ago, if you re counting. some of you are paying more than others. look at atlanta, chicago, los angeles and new york, for example. they re edging towards the mid-3 range but still shy of the $4.52 peak in los angeles. now, speaking of which, it could get worst than the numbers i just showed you. shell oil s former president but we re more likely to see $4 by high summer. so, what s the problem here? well, is it supply? is it demand? is it something else? the answer, yes to all. first, supply. opec, which supplies the majority of oil to the world, has indicaed it does not want to raise production.
Detailed text transcripts for TV channel - MSNBC - 20151005:14:52:15
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Detailed text transcripts for TV channel - FOXNEWS - 20150425:12:53:15
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george h.w. bush out and about and governor chris christie hits back against all the fat jokes made at his expense. very good morning to you. it s nice to see you. before you head out this morning, you might want to pad your wallet. gas prices are up again. aaa puts the average price for a gallon of regular at $3.52. that is the highest average ever for the month of february. the cost up is 17 cents from just last week. drivers in states like new york and california are feeling the pinch more than others. prices there approaching $4 a gallon. that is making for extra pain at the pump. these higher gas prices definitely affect the way i budget my money, where i choose to live, and how i choose to spend my leisurely time. i m more conscious about the distance i m driving. a dollar decline in the number of oil refineries have been blamed for the increase.
they are starting to you see agitation in ahmadinejad s announcement. eric: why is gallon of gasoline $3.52 today? dana: you are the expert. there are a lot of reasons but partly because people are nervous. eric: sanctions aren t working. switch to nuclear enrichment plans. bob: of course. the way they re working is not selling the oil. stabilization in the economy. they have had a terrible situation. it s starting to crack apart. you know what? greg: geithner and krugman, worse tan any sanctions. the economy would crumble. i m trying to figure out what is working. if that is working stop working. bob: you don t take in account the bush administration and administration both let iran know in no uncertain terms that the nuclear strike on israel you will cease to exist. andrea: in no uncertain terms? 1967 border did not bob: they don t come and tell you, andrea, that, they will do it.