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Transcripts For CNN The Situation Room With Wolf Blitzer 20120329

the average price for a gallon of regular gas today is about $4. make that $3.92. our new poll shows nearly half of americans expect that price to hit $5. that s $5 this year and most blame the oil companies. president obama tried to hitch a ride on those sentiments today. chief white house correspondent jessica yellin is here. jessica, is the president going after big oil? again. believe it or not, it really felt like today was let s play politics with gas prices day in washington. the president played his part from the rose garden. think about that. it s like hitting the american people twice. he called on the senate to pass a bill that would have eliminated billions in tax breaks for oil companies. american oil is booming. the oil industry is doing just fine, with record profits and rising production i m not worried about the big oil companies. up on capitol hill republicans charge that the white house was demonizing oil companies for political gain. someho

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