Page 21 - Supply Problem News Today

santorum victory in louisiana with two washington bureau chiefs, susan page and mike duffy from "time" magazine. im candy crowley and this is "state of the union." first our news of the day. former vice president dick cheney is recovering from heart transplant surgery at a northern virginia hospital. joining me now for the latest from the hospital is cnns athena jones. athena, do they have any idea how long he might be there? >> reporter: well, we understand that most heart patients ...

"early start." and it is very early, im ashleigh banfield. >> and im zoraida sambolin. we are bringing you the news from "a" to "z." were happy youre joining us this morning. its 5:00 a.m. in the east. lets get started. the taliban claiming they poisoned food at a base in afghanistan. we have explosions and car bombs and the u.s. is pulling out more americans working in afghanistan. >> and its one of those questions you have when you wake up. did gas prices go up again while you we...

gasoline prices jumped 3 cents a gal just overnight to a national average now of $3.61. that makes 16 straight days of higher prices. and experts say were heading for $4 a gal gas by summer if not sooner. president obama seized the political warning signs and knows the attacks already coming. this afternoon in florida he tried to stay ahead of the curve. >> since its an election year, theyre already dusting off their three-point plan for $2 gas. and ill save you the suspense. step one ...

Necessity for most people, the way this country works now. and people pouring more money into it means theyll spend less money on other things, and we need to get to a more it will alternative energy future, but really right now there is no practical solution to cars and claims other than oil. >> i didnt say that, lisa. now, you had me until the alternative issue. we should just cancel arguments that dont make sense. arguments that dont make sense that the president can do something about the pr...

Are saying we need to get alternative energy future. right now there is no other practical solution to cars and planes other than oil. >> let me -- let me be clear. i didnt say that. you had me until the alternative -- we should discount the things, arguments dont mace mistake donald trump thinks he can change that by bullying him. >> and americans are driving the price of oil up. we are not. chinese and indians and everybody else who is. >> other argument that doesnt make sense, we have a suppl...

If we had the same price of crude today we would hit $4 airmail long-time. im not ruling out a $4 price. >> some places have $5 lot of places. california has $5. 14% of the stations in the country are already at $4. >> what do we attribute the increase in the gas prices to? >> elwork obviously we have a supply problem on the domestic level in the united states. it is convenient during these times to start to blame speculators but in 2008 we were at the runup into the recession as to opposed to n...

If we had the same price of crude today we would hit $4 airmail long-time. im not ruling out a $4 price. >> some places have $5 lot of places. california has $5. 14% of the stations in the country are already at $4. >> what do we attribute the increase in the gas prices to? >> elwork obviously we have a supply problem on the domestic level in the united states. it is convenient during these times to start to blame speculators but in 2008 we were at the runup into the recession as to opposed to n...

Gas prices. this isnt helping our recovery. >> well, if i understood the president, senator, i think what he said was that the oil reserve was for when supplies are disrupted. this is not a supply problem. this is a demand problem. you want him to use that reserve to bring down gas prices, oil pries? >> im worried if we dont use the reserve, our economic recovery will stall and fall backwards. we dont need to see unemployment figures going up. secondly, lets not overlook the obvious. were still ...

Dictatorship running the huge shia angry population. that wont get fixed just by handing that out. >> shepard: the rest of the world is worried about the oil and pipeline and those are well protected? >> seven refineries. the pipelines do get attacked but ramco has almost 5,000 private security that guard nothing but the pipelines. i think that will be secure. but its all in the oil futures. they say what happened if this and this, that drives up our pump. >> shepard: then you have potential for...

Policy. well open up the strategic petroleum reserve for you and make you happy for a few days. its a nonsense situation, john. >> well, if its a nonsense situation, help people understand this. because youre making an emphatic case that there is no supply problem here. no refinery in america is waiting for oil that there is plenty of oil on the market. the saudis have promised if there was shortage, they would increase production a little bit. so why then is the market, why is it $3.51 on avera...