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Detailed text transcripts for TV channel - MSNBC - 20110307:14:10:00

Pawlen pawlenty, seeing mike huck key a huckabee and mitt romney. a low boil. from wall street to main street, it has to be skyrocketing cost of oil and gas. the price at the pump stands at an average $3.51 a gallon this morning. that is a 34 cent spike and it has two weeks at that rate. gas would hit $5 a gallon before memorial day. cnbc s courtney reagan joins us now. courtney, what are the oil markets doing this morning. so far we are trading higher. looks like we re above $106 a barrel for crude. near that $107 a barrel mark which is causing worry when we look at the equity markets. most of the time when you see oil prices rise you see stock goes down. however, so far our futures are still ticking higher. although ever so slightly ahead of that opening bell which will sound in 20 minutes. last week we had a lot of pressure from rising oil prices. and we seesawed back and forth. ....

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