Transcripts for CNN Early Start With Christine Romans and La

CNN Early Start With Christine Romans and Laura Jarrett March 15, 2022 09:49:00

lockdowns in china. worries that the lockdowns will amplify supply chain issues. the real story, folks, is oil. red hot oil prices cooling. closed factories need less fuel. u.s. crude tumbled as much as 8 bucks. bye-bye 100 bucks a barrel. down to $97 a barrel. that means lower prices for drivers in a week or so. the average gas price already falling here, down a penny from yesterday. also at play hopes for the russian/ukraine talks. putin's war has been sending energy prices soaring. to cool that inflation, interest rate hikes are coming. the federal reserve will raise interest rates for the first time since 2018. more inflation news today. that's what factory level inflation is, that comes out. they will sign a law to

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