race. i m focused on super tuesday. if you think it s wild from your side, you should see from us. i m looking to have a good time sunday night. nobody knows more about hollywood than harvey wienstein. people did the secret of the oscars. also one of the best oscar pundits around predicts who will walk away a winner sunday night. and why it s an honor just to be nominated for the oscars? this is piers morgan tonight. our big story tonight, newt gingrich taking aim at president obama on gas prices. so the president uses very strong language and says that those of us who believe he can get back to $2 gallon of gas is politics. that s baloney. it was $1.13 a gallon when i was speaker. that s a historic fact. in a moment i ll ask newt gingrich did he can really bring it down to $2.50 a gallon. and i ll talk to harvey wienstein about the movie the artist. this is the biggest gamble the company took. it is the craziest thing ever. we begin tonight with newt
i m erin burnett. outfront tonight, iran. we begin with a new report on iran s nuclear program. got our hands on it today. it s an 11-page release from the international atomic agency. they reveal doubts and suspicions about what the iranian government is telling the world about its nuclear efforts. they say their nuclear program is for peaceful purposes. we read the report, and it does not say that iran is making a bomb, but it does say that iran is rapidly expanding its nuclear activity, and we consulted experts, including nuclear scientists and former u.n. weapons inspectors. the iaea in this 11-page report says that iran has tripled its enrichment of uranium since last year. they continue to block inspectors from getting inside a key nuclear facility, one that the watch dog group has been trying to get into for a long time. and the report says that 19.8 kilograms of metal is still unaccounted for. the u.s. government responded to the iaea report today. a scathing response
also one of the best oscar pundits around predicts who will walk away a winner sunday night. and why it s an honor just to be nominated for the oscars? this is piers morgan tonight. our big story tonight, newt gingrich taking aim at president obama on gas prices. so the president uses very strong language and says that those of us who believe he can get back to $2 gallon of gas is politics. that s baloney. it was $1.13 a gallon when i was speaker. that s a historic fact. in a moment i ll ask newt gingrich did he can really bring it down to $2.50 a gallon. and i ll talk to harvey wienstein about the movie the artist. this is the biggest gamble the company took. it is the craziest thing ever. we begin tonight with newt gingrich s campaign that lost some steam since last month. with the michigan and arizona primaries looming on tuesday, the former speaker so far resisted any calls to drop out of the case. newt gingrich joins me now. how are you? i m doing very
gas prices overnight jumped 3.3 cents a gallon on fears iranian oil, the world s fourth biggest stash of crude, could be disrupted. if iran made good on its threats to halt oil supplies, which it s promised to do, it would hurt consumers around the world. the strike team says it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon, but it would also devastate iran. 80% of the nation s economy is linked to oil and gas. will it come to this? rudy giuliani was mayor of new york city during 9/11 and he comes outfront tonight. good to see you. nice to be here. let me start with this issue of the rhetoric here. do you think it s going to get to the point where iran feels threatened enough to do something like shut off its crude oil supplies? i do. it does have a devastating impact on them. they re very good at threatening. the threat i think you have to take as a real one and as we ratchet up pressure on them, they may very wel
costs more to fill up. 12 cents in a week. about 11% so far this year. we ve never seen gas prices this high so early in the season. usually you see gas prices going up into the spring and summer driving season. never so high so early. what goes into a gallon of gas? here s the breakdown according to the way the government looks at it. 12% of the price of gasoline are the taxes that we pay. 6% goes to distribution and marketing. 6% is refining. look at that, kyra, 76% is crude oil. crude oil is a price that is set in the global market that is a lot of different head winds and cross winds and when crude oil prices, gasoline prices rise, crude oil is above $108 a barrel. mostly because of this fear factor about iran but also because of, you know, consistent global demand for energy and oil, kyra. so you ve got the demand for oil, you ve got the arab spring, you have the fact that look what s happening here in the united states with regard to the economy. all of that combine