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$5.69 a gallon. well, at least they have nice weather there. the prices are getting so high some people are resorted so stealing it. some are pumping and running. others are siphoning it out of your car in parking lots. one guy has even made a you tube video explaining how to do it. ben brockwell is director of date it pricing and information services at the oil price information service and rory cooper is the communication director for the heritage foundation and former senior policy advisor at the department of energy under president george bush. thanks for being with us tonight. i will start with you, ben. crude oil is down compared to where it was in 2008 when it was $147 a barrel and yet prices in 2008 never reached the level that they are right now. what do we attribute the price at the pump to? the national average in 2008 is higher than it is now. it reached a peak on july 17 of ....
What, 13% in terms of the oil that we are not able to access that we were more than a year ago, yes? just on the year. judge jeanine: but why would the 13% the prices be so high and what can we do to bring them down? of course, the market is looking at the long-term u.s. energy policy. you know, the same way that they look at middle east events or look at global economic turmoil, they are also looking at what our long-term policy is and they can see that every time president obama has asked the question on high gas prices he responds by talking about new vehicles, $40,000 cars that people are supposed to buy or solar and wind. the oil market knows that that is not a long-term solution so the oil situation in the united states. judge jeanine: clearly. but ben, who o sets the price at the pump? the futures market is the direct link to the price at the pump. anybody that thinks retailers are making money at these prices are wrong. do i a weekly column on retail ....
$5.69 a gallon. well, at least they have nice weather there. the prices are getting so high some people are resorted so stealing it. some are pumping and running. others are siphoning it out of your car in parking lots. one guy has even made a you tube video explaining how to do it. ben brockwell is director of date it pricing and information services at the oil price information service and rory cooper is the communication director for the heritage foundation and former senior policy advisor at the department of energy under president george bush. thanks for being with us tonight. i will start with you, ben. crude oil is down compared to where it was in 2008 when it was $147 a barrel and yet prices in 2008 never reached the level that they are right now. what do we attribute the price at the pump to? the national average in 2008 is higher than it is now. it reached a peak on july 17 of ....