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Detailed text transcripts for TV channel - CNN - 20110228:16:23:00

High. this is where we have been in 30 days, up 8% for oil prices. the st. louis fed president came out today saying right now the high oil pritss aren t a big drag on the economy but if these prices stay high for a sustained period, then it could become a big spending issue and could hurt the overall economic recove recovery. thank you. just how high is the price of gas going to go? the national average for a gallon of regular is up for the sixth consecutive day. $3.37. after hawaii, california is getting hit the hardest with $3.76 a gallon. the whole country right now is over the $3 mark. so where is the cheapest gas in your neighborhood? that s the question? there s a couple of good websites to help you find out. check out gasbuddy.com, fuelmeup.com, and automotive.com before your next fill-up. it s now your chance to choose the news. ....

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Detailed text transcripts for TV channel - CNN - 20110228:16:22:00

Right now we are seeing a rebound after the big drop that we saw last week because of what s going on in libya. we watched the major averages fall about 2%. oil hit about $100 a barrel, and analysts say we could see the markets keep rising only if the geopolitical sector doesn t get worse. that s a big if. what about oil? it hit $100 a barrel last week. we are feeling it at the gas pump. do you think wall street is as concerned about it as we are? i think wall street is concerned about the higher oil prices because they can eat into consumer spending. what that does is translate into higher gas prices, and if consumers are spending more money on gas, that means they could be spending less money on other things and hurt the overall recovery. not many big red flags going up yet because oil prices are easing, hanging out around $97 a barrel. oil prices are still really ....

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