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Almost 34 cents in 2 weeks. that's according to aaa. the fastest, highest increase since right after hurricane katrina. now, if this rate of increase keeps up, i'm not saying it will, we'll set a new record for gas inside of a month. the highest average gas price to date, $4.11 in july of 2008. remember, averages are made from extremes which means $3.51 as a national average looks pretty good to folks in san diego. $3.87. houston, $336. billings, montana, $3.15, a deal. you cannot talk about gas without talking about oil. so i have hauled out my barrel for 2:00 at the top. this is an old oil b...

May not be a whole lot better. the average nationwide price of se self-serve gas has topped $3.50. it's risen at a break-neck pace. almost 34 senlts in two weeks according to aaa. that's the fastest, highest increase since right after hurricane katrina. if this rate keeps up, not that it necessarily will, we will set a new record for the price of gasoline inside of a month from now. the highest average gas price to date is $4.11. you can see it there in the middle of the charge. $4.11, that was july of 2008. remember, averages are made from extremes, which means that the $3.51 average looks pr...

Been done twice before, tapping into u.s. oil reserves. the obama administration is considering this. this option because of rising gas prices. >> the issue of the reserves is one we're considering. it is something that only is done -- has been in very rare occasions. there's a bunch of factors that have to be looked at. >> chief business correspondent ali velshi joins us. very impressive here. i mean, this is unbelievable. you rolled this in. >> this is my oil barrel. this is my barrel of oil. i talked about this all the time at $3.50 a gallon and then $4 and $4.11. oil at $147 a barrel. duri...

Jenna: what is this telling you about how much this jump in gasoline can it actually affect the condition -- consumer? >> it could be a lot of all eyes are on saudi arabia because the thought process is there's a supply disruption, whether it's a small amount in libya or greater amount in saudi arabia, that's going to have an impact. oil prices touched 107 today, one trader i heard on the chicago america tile exchange said $1 a barrel might be cheap in the coming months, it might get to $2 a gallon, that puts the price of closer $204. remember the record was 4.11. a lot of traders and people t...

Million barrels. fit spreads anywhere else. long term of just the oil we are talking about right here. prices will continue to soar. there are other things going on. geopolitics, weak dollar. things are driving prices higher. all of them are a perfect storm. food, clothing, everything is on its way up. megyn: we'll continue to watch. eric bolling you can check out on fbn. today's fashion average is $3.38 a gallon according to triple aaa. that's up 20 cents since just last week. it is up nearly 75 cents from where we were at this time last year. though still short of record average which was $4...