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And libya only produces about 2% of the world's oil but make no mistake, it is a major player. the unrest in libya's creating uncertainty in global markets and directly impacting americans. >> as well as a lot of other people around the world. libya sits atop the largest reserves in africa. 80,000 barrels a day exported to the u.s. 1.2 million barrels to the rest of the world and light sweet crude, highest grade. >> again, relatively small amount but libya's deadly unrest is sending shock waves through the oil markets. prices surged to over $100 a barrel this week before settling back to $97. ...

>> i spoke of it just moments ago. tunisia reported four deaths after new rioting broke out there. this is just across the border from libya. police clashing with stone throwing protesters who claim the interim government is hijacking their recent resolution. in egypt, a panel coming out with recommendations for constitutional reforms including easing restrictions on who can run for president and imposing presidential term limits. all of the unrest across the middle east affecting oil prices, pushing up the price you are paying at the pump. triple-a reporting the national average per gallon ...

Time unless they can agree on another deal. >> mike viqueira, thank you. >> okay. more now on the middle east unrest and how it's going to hit your pocketbook. now, the price of oil passed the $100 mark this week. the $100 barrel mark and the u.s. gas price res now $3.33 a gallon and they're climbing. the higher prices at the pump could affect the u.s. economy on the whole and customers are saying they're feeling the pressure. >> i was running a little low. >> this is not the place to get gas. >> tough time finding a good place to get gas. last month, gas station sales made up over 10% of al...

Said that it's a situation and -- >> this week, the cost of oil jumps to $103 a barrel. that's the highest price since september 2008. today, gas prices are at $3.33 a gallon. that's up nearly a nickel overnight. michael smerkonish is an msnbc contributor, author and radio talk show host. good to see you again. good morning. >> thank you. good morning. >> is it for the president to try and tamp down effects of oil prices? >> maybe it's politically dangerous for him if he tries to daft down the concerns and then can't control it. and i think in large part, this is an intangible that's beyond th...

Humanity committed by gadhafi against his own people. but the resolution is currently stalled, we're told, by concerns from china over a referral to the international criminal court which can prosecute gadhafi for war crimes. american officials also discussing a no fly zone over libya to prevent gadhafi from using military aircraft against demonstrators on the ground. but such a move would have to be coordinated with nato. and would require a security council resolution which arab governments might object to on sovereignty grounds. secretary clinton will be travel to go geneva on monday where ...