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Welcome back to "news nation." pain at the pump. the praise of gas shot up 35 cents a gallon since the uprising in libya began last month. finally found. teenager ran away from home to escape an arranged marriage. plus -- belle of the ball. the teenage belly dancer at the center of the italian prime minister's sex scandal steps out and you won't believe who she's with. as deadly fighting rages in libya, including near the country's oil facilities, we saw oil prices surge again today. crude jumped $2.60, tomping $104.50 a barrel in new york, the highest level in 2 1/2 years. last may oil ...

Look at these numbers. back in 2008, remember when we saw oil spike to well over $100. you were paying 3.11 at the gas station. today you are paying more than that. you are paying 3.17 on average, and gas isn't even yet $100. yes, the answer, we are going to feel this every single day at the pump that oil prices go up. i just spoke with an oil trader an hour ago and he explains why this is and why you should care about what's happening in libya. >> higher oil prices is a trickledown theory. it hurs your transportation, even your cab drivers. you are going to be paying $4 plus at the pump for a...

Biggest oil reserve in africa. i want you to take a listen to a veteran oil trader about why libya is so important to what you pay at the pump. >> we'll look at the map. now, we have states that if they're not direct exporters of oil are stake holders in the international market. and we have a whole series of countries that don't particularly like us. and that could be a problem of supply disruptions down the road, which would wreak havoc on our economy, especially right now with the economy in a fragile state. >> oil experts are telling me that $100 oil would have the same economic impact as ...

Percent today at $93.57 a barrel. and gatt prices, the national average at $3.17, and a month ago it was b, 3.11 and a year another $2.64. prices are rising. and libya only produces less than two million a day. the worry and the friction of the middle east will drive prices higher. >>shepard: we anticipated these and wondered why they were not happening. what happened? we are headed to $100 a barrel. >> last time we had $100 and then a high of $140. it can go up fast. the last time was before the market meltdown at lehman brother's blew up. consumers stopped driving. they usually drive three t...

Largest oil reserves in the world. cnn's lisa sylvester is joining us once again. the fuel prices are already going up, lisa. could the libyan situation make matters so much worse? >> reporter: it absolutely could. you know, consider this, wolf. crude oil futures are up more than $5 a barrel today, and this is the largest one-day rise in two years. talk about feeling the pinch at the pump. gas prices have jumped a whopping 49 cents a gallon since september. that's tough for those logging time on the road. >> it's a 30-gallon tank, so at $3 a gallon, that's $90. >> i'm worried about it because ...