Detailed text transcripts for TV channel - MSNBC - 20110407:14:28:00
Recession. cnbc's mandy drury joins me live now. mandy what does this mean for you when you go to fill up at the local station? >> chris, it's going to cost a whole lot. average national pump prices are now at $3.73 a gallon but there are parts of the united states where a gallon already costs you over $4, which is the level that we saw on average back in the summer of 2008 when crude oil hit a record $147.50. do keep in mind though, chris, that there is the self-correcting cycle, you know when prices get so high they are going to trigger a plunge in demand, such as we saw back in 2008. the pr...
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