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There is no silver bullet that can bring down gas prices right away. >> mike viqueira, good saturday morning to you, mike. so, the president is saying there is no silver bullet. i understand he's putting the nation's top lawyer now on this case. >> reporter: right. no relief in sight, and no magic bullet as the president put it today. kristen reported $3.86 around the country. in other places including right here in river city, it is over $4 a gallon in california, washington, illinois, hawaii and connecticut and new york state among other states. the president says there is no magic bullet bu...

In his weekly address today, obama said renewable energy is part of the solution. >> we need to harness the potential i've seen in promising startups and innoefb clean energy companies across the america, and that's at the heart of a debate right now in washington about the budget. >> mike joins us right now. good saturday morning to you. did you drive to work? i think you might want to walk. look what the president is doing. he's mentioning gas prices a lot, especially during that fund-raising swing out west where there's a lot more space to travel in terms of distances and people have to dri...

Raleigh. i'm meteorologist mike bettes. now back to you. >> thank you. gas prices are inching closer to record highs with just six weeks until the summer driving season. right now, the national average is $3.84 a gallon, up nearly 30 cents from a month ago. and this is going to make your wallet ache. it is about a dollar more than the average this time last year. the record is $4.11. we hit that in 2008. msnbc's richard lui is in yonkers, new york, where, look at those gas prices behind you, richard. >> reporter: i know. it does hurt. a lot of the customers that are coming by today here, con...

Supplies tight because of conflicts in the middle east. demand is strong because we're seeing economies around the world recovering, china is a big factor, one of the fastest growing economies, the biggest problem is the oil price spike might be speculation at this point. traders, they bet on what could happen if supply drops, because of the unrest m the middle east. they bet on what if this, what if that. they're essentially speculating, finally, we've got the weak dollar in play. oil is priced in dollars, makes it a very cheap investment, carol. >> okay, i've heard that gas prices could go a...

>> certainly is! and we have very impressive rain totals and when you see the totals a lot of these are single-day record breakers especially in philadelphia, new york, central park. look at that. 3.86, what they picked up with yesterday and that is not even counting the rain that fell this morning and, very impressive totals, we'll have to add to them by the day's end and a lot of basements are flooded and we are dealing with major flooding problems. that are going to stick around, for the next couple of days. the storm system now has pushed to the north, and i don't know why my machine is no...