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Detailed text transcripts for TV channel - CNN - 20110425:15:25:00

Points or so. we re also following potentially a break, a break from rising gas prices. so, sure you know they re high right now. but some analysts believe that these prices might be nearing their peak. alison kosik at the new york stock exchange. tell me alison, could this be? could we start actually seeing our gas prices go down? suzanne, that is the hope, especially with drivers paying an average of $3.86 a gallon. that s the average right now. you know, it s already the 34th day in a row that we ve seen our gas prices go up. now here s a bit of optimism coming from trillby lundberg. she s the one who compiles all of this data about gas prices. she says prices may peak before the summer driving season, if they haven t already peaked. so the fact is, prices may have slowed, and it could take some time for it to really catch up to the broader to your gas station in your neighborhood. suzanne? alison, we re just 25 cents away from the all-time high. why do you think it s stalling ....

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Detailed text transcripts for TV channel - CNN - 20110425:15:26:00

Right now? that we haven t reached that point? you know what? your gas prices are really directly related to oil prices. and in the past few weeks, especially you go back maybe even a month, we ve seen oil prices really spike. well lately we watched them kind of level off and maybe rise a little slower. so what you re seeing at the gas pump is really that earlier rise of oil prices catching up to those gas prices. so it s really a game of catch-up that you re watching. so the fact is with the slower rise of crude, lundberg says that hitting that 2008 record of oil prices is not necessarily a sure thing. here s one more thing that could keep gas prices down from what we ve been seeing. we could see weaker demand for gas prices because what essentially happens is consumers wind up pulling back from filling up their tanks. they say enough is enough. i m not going to drive as much and that winds up naturally pulling down gas prices. we ll have to wait and see if that really happens in a ....

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