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Talk about. these high gas pricesser zapping money right out of the pockets of consumers. i looked back exactly a year ago in preparation for this. back in april of 2009. jenna: 10. >> 10 the gas price was almost exactly a dollar cheaper. we've seen gas prices go up from 2.80 to 3.80 a gallon and they continue to rise. it's a big problem because as you said these higher gas prices are throughout the economy right now in terms of food prices, airline prices, walmart is talking about raising their prices. the interesting thing is that the fed this week responded to obvious concerns by consumers ...

Surprised there's not chunks of ice in that water. >> no kidding. a picture from connecticut, our friend stan sent us a picture there. that is of an igloo that he built out there in connecticut. enough snow to build a structure. i saw a clip on the news where they built a two-story igloo. i forget what part of the country. but there was enough snow out there. they really got architecturally sound and creative -- >> stan is smart. he put a sign that says, private property, because that will protect them from the wind over there in connecticut. and then our favorite of the morning. glenn just wa...

Isn't the same equivalent. i think the assumption is that our system operates in a relatively similar way. so when they asked them to infiltrate policymaking circles so to speak, they think there's something you can't gain by going to a think tank event in washington that's open to the public. >> it is interesting this discussion. thanks for joining in. back to the fourth of july weekend. millions will hit the beach and go shopping. what does this mean for the economy? good morning to you. >> good morning, alex. >> aaa is projecting an uptick, right? >> that's great. 35 million americans hit...

And everybody, you know, when you look at it, you know it's a ticking bomb. i mean, there's a point here where, something is going to happen and we're not going to like it. and so, -- >> why haven't we done this? this is like you're going hungry and you're buying food for everybody down the street, and you have the capability to grow your own food. why haven't we done this? >> well, it's real simple. it's real simple. one, the leadership wasn't there. but if you go back on oh, jon stewart's show the other night, which fabulous, where he showed how everybody, starting with nixon, said elect me ...

Starting to roll. it needs to roll. the reason we're in the jam we're in is because we've always had cheap oil. >> is the reason we have cheap oil because the government subsidizes it? when i fill my car am i looking at the real cost of the gasoline, or an artificial cost between tax code and the wars? >> no, you're looking at the real cost. we don't tax gasoline. >> i think we should tax it. >> around the world, they tax it. he said the people have $2.80 gasoline and they're satisfied with it. so they don't think of alternative fuel. they do not think domestic fuel. i think identify done a go...