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Isis. within some 37, 35 miles of baghdad, you see the fields have been taken over by the kurds now. some taken over by isis. a major refinery completely encircled by isis. iraqi officials tell us the southern oil-rich and exporting part of the country is safe for now. but this is a major oil producer. a major oil producer the world thought would be producing more oil the next few years and this causes real concern with oil prices. these are what it looks like. these are oil prices, actually this spring, just this month, oil prices up 4%. when oil prices rise, gas prices rise. last year in jun...

Trimming down the number of people they have on their facilities. all of this is a real problem. oil prices rising, when they rise, gas price rises are not very far behind it. this is what the year looks like. just this month, oil prices up 4%. what does that mean for gas? june last year, you were paying about $3.60. by may of this year, already up to $3.64. today we're talking $3.68. experts tell us it could go up to $3.86. just because really the iraq situation and then hurricane season is this fall, that's when you can sometimes get a lot of volatility because of what's happening in the wea...

Cnn's chief business correspondent christine romans is joining me now for more. bargain? $3.66? >> think you'll see this go up as much as 20 cents over next few weeks. you already have aaa and others saying brace yourself for more. aaa saying 5 to 10 cents. our experts are saying up to 20 cents. $3.86 a gallon you could see as prices continue to rise. it he ddepends on what happens the crisis in iraq. you look at oil prices, up 4% so far just this month. the trajectory for oil has been up really since the beginning of the year and if this iraq crisis worsens or doesn't get any better, you'll s...

With the $1.2 trillion in student loan debt that its outstanding. this is the high interest rate debt. high for undergrads. even higher for nose wthose who graduate student loans, plus loans. the idea is we are going to propose taking all of the debt and refinancing it down to 3.86%. which is the interest rate that congress said less than a year ago is the right interest trait for student loans. so bringing all of the student loans, the interest rate down. and then paying for it. because you got to have a pay for it on this. paying for it by saying we are going to close one of the big tax loop...

Outstanding. this is the high interest rate debt. high for undergrads. even higher for those who have graduate student loans, plus loans. the idea is we are going to propose taking all of the debt and refinancing it down to 3.86%. which is the interest rate that congress said less than a year ago is the right interest rate for student loans. so bringing all of the student loans, the interest rate down. and then paying for it. because you got to have a pay for it on this. paying for it by saying we are going to close one of the big tax loopholes. and that is, let's pass the buffet rule. it shou...