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That would start pumping oil immediately. jenna: that would affect supplies and maybe the price would come down. >> right away. jenna: one of our producers on capitol hill says harry reid is introducing a bill on the senate floor that is going to talk about repealing the subsidies for the oil and gas companies. some of the big tax breaks. what would that do. >> it's either a 4 or $5 billion loophole that some of the oil companies are doing. go ahead and repeal that. it really doesn't matter. look at the gasoline price, $3.98 a gallon. it really wouldn't matter to the consumer. it's not going t...

Used in march. and mastercard has just reported a big drop in gas sales last week. we're using less. demand is down. that will affect the price. >> my thing is if you saw $3.98, tell me where that is. i'll find it. i haven't seen $3.98 a while. >> i thought it was going to peak after memorial day and you're saying, your hunch is it's going to peak before. >> i think so. if you look at the supply, demand equation, it looks like it might be topping out. look it's $4.44 for regular in chicago right now. and in parts of hawaii, they've hit $6 a gallon. but i'm saying that spike that we've seen for...

Parts of the mississippi in flood stage like in vicksburg, mississippi, through most of the month of may. it's going to be a rough month as we go through north and south towards new orleans. >> the waters start to recede very soon. mike seidel, thank you. here's some incentive to fill up that rental car. with gas prices closing in on that record high you could have to pay over $9 a gallon if you return that rental car with less than half a tank. "usa today" found hertz is charging $9.29 a gallon at 13 major airports. that's got to hurt. mandy drury is here with what's moving your money. gas ...

Some. within the last week we've seen two big ticket items. 1 of only 2 in existence. $30 to $40 million and picasso's new green leaves and bust. a name for you. just fetched $106.5 million. that's a record. keep in mind he used to pay bar tabs with paintings like this. for the price you've paid for that bugatti you could have paid 110 porsche's 911s i guess you could say. searching for lost works of art. that sounds like a bit more fun, doesn't it? and for the truly adventurous a 53 -- for $53.98 you can buy an oil paint set and some canvass, paint something and maybe go to a bar and see if y...

Expense of grant. do you know which president police yided over the most pro growth, pro business positive financial growth period of their administration? i would have to say grant? >> i would say you're right. absolutely. and there is -- . >> exactly. >> that is why i think he deserves to stay on the $50 bill. this is -- find another bill this, -- mint a bill that is a $3.98 bill. i'll use it every day. >> i know why you like grant. he was the biggest drunk. >> and there is -- what do you make of this? >> there is what i make of it. >> i did research, too. he may