Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim S

Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20220331 14:54:00

like this. the goal is to try to cushion the shock that's been caused by the sideline with the russian energy. now, we did see a reaction with the oil market immediately. oil prices went down last night as reports came out about this. bounced back a bit but down 4% on the day. what's this going to do to gas prices? it's not going to make gas cheap again but it could help. veteran energy analyst tom told me before this was announced, he was worried that the national average was going to go up to $4.75 a gallon in the united states this summer. now he sees the national average topping out at $4.50. that's not low, but it is lower than it could be. >> could be a quarter lower. >> but i would caution this is not a permanent solution. this is not a bottomless pit of oil. there are limits here. in fact, this 180 million barrel release equals about a third of the total oil in the spr. and so at some point, that's going to have to be refilled,

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