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Gas on the other hand is now only 6% below its all-time high. and climbing by the day. i'm happy to be joined by poppy harlow of cnnmoney.com. poppy, start with the disconn t disconnect. between gas and oil. what gives? >> what we saw in 2008 was record gas prices, $4.11. what we also saw is gas around $140. the president is saying we're putting a task force on this, see if it is market, speculators, if it is wall street. i think what eliot spitzer said gets to the point here that we did the same thing in 2008. the white house did. and where we got was pretty much nowhere. they brought one fir...

Puzzling us, and i'm guessing you as well. what's fueling, what seems like a never ending increase in the prices of oil and gas? the obama administration wants answer as well. so today the justice department announced the formation of a financial fraud task force to watch for illegal man hubering of oil and gas prices. today, the average cost of your gallon of gas $3.84 a gallon a whopping 30-cent jump since last month and it's not at all your all-time high of $4.11. that was the record that was set back in 2008. man y people it will go way, wa beyond. so let's talk more about this. we wanted ...

Announced the formation of this -- what they are calling financial fraud task force to watch out for any illegal maneuvering in the oil and gas market. attorney general eric holder made no secret today's move is in direct response to public angst and not to any evidence of illegal conduct. today, take a look at the numbers with merck the average cost of a a gallon of gas, $3.84. that is a 30-cent jump in just one month's time. it is still, though, not the all-time high that we saw back in 2008. that was $4.11 but many, many people predict it will soon surpass that number. i want to take you ...

Prices. $5 a gallon for gas is driving people to drive more? >> yeah. well, you know, say you live right on the border and you live in rhode island and your gas is high, you might take a trip over to massachusetts and that starts making a difference when you talk about $5 a gallon. we're seeing people do that. here in new york city, people will leave new york and go to jersey to get that cheap jersey gas as one of my friends like to call the. it's 29 days in a row that we have seen gas creeping up here. over that streak up about 29 cents, looking at it today, $3.83, that's the average price. a...

Fuel to get the food either to the packers and growers and donors or out to the community. the perfect storm with the rising fuel costs, rising food costs, rising needs, so you have that compounded effect on individuals that we're trying to serve in order to get food out to them. >> reporter: all right, and it's -- you know, when you put this in context here, chris, it's hard to understand how high prices are, but just to show you, on average, we expect to see a gas price increase from january through memorial day on an average of 52 cents, at least, that's been the average since 2000. also, w...