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Detailed text transcripts for TV channel - CNN - 20110321:13:29:00

Missiles over libya, nuclear troubles in japan, should be an interesting session on wall street. opening bell is about to ring. we ll keep an eye on the numbers throughout the morning. stay with us for that. with violence intensifying in those areas, the price of oil and gas are going up. more than a third of the world s oil comes out of north africa and the middle east. in the u.s. the average for a gallon of regular gas hovered around 2.81 a year ago. today it s $3.57. that s up nearly seven cents from two weeks ago. we re joined now from new york. oil is up $2 to more than $103 a barrel. stephanie, what s behind the rise? libya? japan? both? a lot of it has to do with libya because a lot of uncertainty there. and as we know they re the third largest oil producer there in africa. a big oil producer as you look at the continent but obviously ....

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