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Detailed text transcripts for TV channel - MSNBC - 20120512:17:32:00

Why is this and how low might they go? well, we re seeing this for several reasons. the first is that we re seeing more supply in the marketplace right now. we re also seeing although the tensions in the middle east haven t sub sided, the fervor has sub sided somewhat. all contributing to lower gas prices. we ve seen the numbers drop for the last five weeks. the projections from the government is that gas will cost about $3.79 per gallon on average nationally, 16 cents lower than they were originally projecting. i think this number will stay there. if we see spike, it will be because of hurricane season or because of tensions in the middle east rising or it will be the fact that the u.s. economy is indeed starting to slow as many economists worry. that will keep prices down as well. morgan brennan, many thanks as always. the u.s. postal service ....

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Detailed text transcripts for TV channel - MSNBC - 20120512:17:40:00

Ends in more or less of a stalemate. and the number one reason for going there was not borne out and how it changed the middle east is something we re still going through. people think you re so washington when the truth is you re a southern california boy. that s true. what do you have to say to that? well, i am an l.a. boy. the truth is, i ve been on the east coast a long time. i ve been in washington a long time. and i love washington. i love washington because i love politics and i love the news. but i think it s a great place to have a young family. i grew up in l.a. and l.a. is just huge. i get frightened when i go out and drive in l.a. now. come on! i swear to you. you learned to drive on those streets. i know. but i m glad my children won t. all those lanes of traffic and people drive so fast. i sound like i m 80. but it s ftruly frightening. they ve gotten quite used to being out here now. well, you re speaking to an l.a. girl. and i drive very fast, i might ....

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