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Gas prices of $4.11 in 2008. to fill up a minivan it broke the bank. then you had crude oil at 129 per barrel. you have a lot of analysts who say now, they're talking about 100 to maybe $150 a barrel oil as the new normal. dweent know. if you have unrest in north africa and the middle east, that's a problem in the oil market. >> you want to know why you should pay attention to these stories? they're all connects to egypt, to lebanon, to all of it, it's because of that. it will hit you in your wallet. christine romans, thank you very much. tune into your bottom line each saturday morning 9:30 a...

Back. as the unrest in the middle east spreads, there are worries about gas prices and it's becoming more urgent. carol costello is in washington. she joins us with today's talk back question. carol, i guess people are going to have to make some sacrifices, but that's pretty tough. >> it is pretty tough. suzanne, as one oil industry expert told me, let the petronoia begin. as word spreads america's gas prices could rise to $5 a gallon. already there are calls for president obama to open the u.s. oil reserves just in case. haven't we been down this road before in 2008? gas prices hit $4.11 gall...

About 80,000 barrels a day from libya. libya exports an awful lot of oil to europe as well. so this is something people are taking notice to. we've already had gasoline prices rise. this is just another reason why many analysts are saying, martin, that gasoline prices will continue to rise. gas here in this country is about $3.17 a gallon. a year ago it was $2.64. if you want good news it's still 22% below where it was in the bad old days of the summer of 2008 when it was $4.11. but when you have a major oil producing country like libya with the largest proven reserves in africa, when you have...

People to understand how this affects me. this is so far away. i don't get what is happening. we get it when we see that. >> a lot of commodities are moving higher. what you are paying for gas. food. i will give you one good thing. >> okay. >> gas prices well below $4.11 which is the record in 2008. it hurt then but they are moving in the wrong direction. the whole story is about inflation. gold is up this morning. metals prices up this morning. that is also this flight into quality, a risk aversion by investors trying to put money into hard assets. they are worried about what is going on. the...

Pries to collapse like we had with oil in the early 1980's after that. >>guest: in 2008 we said when oil moves up at what price is gasoline so expensive that people drive less and we thought it would be $2.50 and then $3 and we finally reached $4.11 and driving started to slow down but the point is, we are nowhere near that at $930 -- $90 a barrel. at that time it was $147 a barrel. when oil goes up, gas goes up, food goes up, milk, bread, everything goes up and we are trying to recover, it makes a recovery a woman -- a woman lot more difficult. >>neil: to update you we are waiting word that a...