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>> it's not perfect. it takes a while for high prices to cause a president to bleed popularity points. it doesn't happen right away. it depends how high the gas prices go and how long they stay there. >> the day president obama was inaugurated the price was $1.84. today it's 3.52. spike over 90%. highest price was in 2008 when the bush administration reaching $3.81. one administration critic said the present spike is unique. >> president obama in the last three years did everything in his power to cripple increase in production. the world markets are taking a look at that and keeping the price...

They are starting to -- you see agitation in ahmadinejad's announcement. >> eric: why is gallon of gasoline $3.52 today? >> dana: you are the expert. there are a lot of reasons but partly because people are nervous. >> eric: sanctions aren't working. switch to nuclear enrichment plans. >> bob: of course. the way they're working is not selling the oil. stabilization in the economy. they have had a terrible situation. it's starting to crack apart. you know what? >> greg: geithner and krugman, worse tan any sanctions. the economy would crumble. >> i'm trying to figure out what is working. if that...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

>> it's not perfect. it takes a while for high prices to cause a president to bleed popularity points. it doesn't happen right away. it depends how high the gas prices go and how long they stay there. >> the day president obama was inaugurated the price was $1.84. today it's 3.52. spike over 90%. highest price was in 2008 when the bush administration reaching $3.81. one administration critic said the present spike is unique. >> president obama in the last three years did everything in his power to cripple increase in production. the world markets are taking a look at that and keeping the price...