Page 10 - 32 98 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Month. don't celebrate just yet. these plummeting prices may not be a sign of an economic recovery. >> i just found out where she got her money. i can't say it. >> miss fisher believes that gas prices are going to come down some more. >> there you go. >> good transition. >> let me give you the good news before we get any further. the good news is really terrific. gas prices are absolutely tumbling. $3.39 a gallon as you just saw for the national average. if you go down to south carolina, the average for regular in that state is $2.98. >> you say this is good news. when this president took offi...

>> but he was surprised his testimony was all that important. >> i didn't turn him in. somebody else turned him in. they had to have some kind of evidence. they did not take my word for it. >> detectives didn't take his word. they had several other witnesses. velazquez's new lawyers celia gordon and bob gottlieb have been conducting their own investigation into the case. >> we located philip jones and spoke with him. >> he gave the lawyers a sworn affidavit where he recanted all of his testimony. raising serious doubt about who actually committed the murder. >> you know philip jones? we wanted...

The issue we're hearing from oil traders is most of iran's supply heeds to asia and not to europe. jon: isn't the problem refinery capacity? that's what's been boosting the price of oil or gasolin especially in the northeast. releasing more oil isn't going to help much if you can't refine it. >> reporter: that's right, jon. the letter writers say george h. w in 91. and george w bush in 2005 after hurricane katrina gas prices rose after hurricane karina to $2.98. after a year they were pitting $2.93 after hurricane katrina hit. treasury secretary timothy geithner out recently saying there could...

And if you -- one of the biggest investors in the country, leon cooperman told me at $125, he thinks that is what signals a global double-dip recession. we're near there. we've got to start to keep a close eye on that. the market ignores it. as far as the shutdown, shore, everyone's talking about it. market thinks it's going to get resolved. they continue to get a little bit, shall we say, putting the blinders on about hourses like this issue. we wanted to show you of what could happen with this country if we don't deal with entitlements. portugal. i know you mentioned it earlier. i pulled the...

Gallon. one month ago, it was $3.12 a gallon. that's one month ago. last year, it was $2.98. how much of this is speculation and fear? is there a breakdown that way? >> much of it is driven by speculation, the fact that maybe something could happen in saudi arabia. that could disrupt the world's supply. we haven't seen that much of a change in supply. libya produces a small percent of the world's oil. >> like 2%. >> exactly. but it's more the fear that something could happen. we're in an economic recovery right now. americans are going back to work, they're going out to eat, they're going out ...