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To pay european levels. that would be 9 or 10 dollars a gallon. >> mr. speaker, gas experts make two points. first of all, you pointed out the fact that gasoline was 1.89 a gallon when president obama took office. they say that's a bit misleading because it was the depths of the recession, so understandably gas prices had gone down. the fact is that just six months before, it was 4.11 under president bush. the other point they make is even if you were to begin a big onslaught of domestic drilling that it would take three to five years for that to result in more production here domestically whi...

His secretary of energy, dr. chu, says he wants it to be. >> chris: mr. speaker, gas experts make two points. first of all, you pointed out that gasoline was $1.89 a gallon when president obama tooka office. they say that's misleading because it was the depths of the recession, so understandably gas price his gone down. six months before, it was $4.11 under president bush. the other point they make is that even if you were to begin a big onslaught ofde domestic drilling that it would take 3 to 5 years for that to result in more production, here domestically, which isn't to say we shouldn't sta...

Over $3 a gallon, 3.04 in january. by july when we come out to do the summer period here it was up to 4.05. then it went up to 4.11. the monthly average was 4.06. look at the gap we are already at here. in january we started at 3.38. and now we are at 3.75. you can easily see the picture where we end up with $5 gas. this is a story clearly on many people's minds and not going away. gregg: so far the plan calls for nothing but sip pleamatic action against iran but the secretary of defense may be suggesting a very different plan entirely. so is the obama administration sending some mixed message...

Discussion. couldn't come as a worse time? >>reporter: absolutely. one of the things that makes it more precarious the folks that are supposed to look out for us will not admit it is recarous and we talk about inflation or that notion the government saying it was 3.1 percent, and even a republican person would say you do not go to the supermarket and full up your gas tank and have kids in nursery schools and other organizations are supporting what the average person understands, this is a serious situation and when you have a situation leak this that could impact oil, can you imagine another s...

>>guest: what will happen, this is the question, when gas hits $4.11 at the height in 2008 and we know what it did to people's perception on the economy, and the administration and how it hurt the campaign. if it goes up to $4 or $5 this is a very weak recovery and all you need is a little bit of top this with europe, and you need a little glitch in unemployment and they both matter, but it is costing people real money right now, and they are paying far more money for gasoline the last month, last two months have increased than anything they are getting from the payroll tax cut. this is felt e...