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Detailed text transcripts for TV channel - CNN - 20110110:09:40:00

How much of this is seasonal? are we seeing increase at the pump prices because of the time of year? no, actually, prices should be going down at this time of year. traditionally prices would platform, bottom out in december or january so the fact the prices are going up at this time of year is real strange. usually after the labor day weekend, summer driving season is over, people taking their driving vacations, we see prices go down. the fact they re going up at this time of the year is very strange and outside of normal traditional price cycles. tells us it s got to do almost entirely with the price of raw material which is oil. usingier research, from what you remember in the run-up in oil it was around $3.50 as a national average, when people really started to change their driving habits, when suvs started to, ....

Pump Prices , Summer Driving Season , Labor Day Weekend , Driving Vacations , Price Cycles , Raw Material , Run Up , Usingier Research , Driving Habits , 3 50 ,