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Expect a lot of double takes at the gas pump today. the national average has spiked to $3.37 a gallon for regular and, yes, that is quite a bit higher than we were paying to start the work week last week. like say 20 cents more a gallon. and if you think that hurts, check out this math. >> every penny increase at the pump takes $4 million per penny per day from the american consumer. so a ten cent increase is $40 million a day as long as that ten cent increase is in place. the 30 cent increase that i expect we will see between next week and this week, there you're talking about $120 million ea...

You're feeling the unrest in libya every time you fill up your gas tank. aaa says the national average is $3.37 and that may go up. christine romans is here. we don't get much oil from libya. saudi arabia says, oh, we'll sell more oil and yet our gas prices here in the united states are going up. that old feeling is back, they're just trying to gouge us. >> it's a reaction to oil prices going up to $100 a gallon. libya is not our big supplier of oil. >> 2%. >> it supplies oil to the european markets. it's the light sweet crude. it can be more quickly and easley refined into kerosene and diesel...

Sanctions. also, in an attempt to peel away people who are around gadhafi right now and that seems to be a big part of the strategy, they're saying refer gadhafi to the international criminal court and anyone around him participating in these human rights abuses and the crackdown is liable to go there, too. so that's really is the message, carol. they're telling neighbors countries to stop sending or allowing mercenaries to go in there and fight on the side of gadhafi. >> i don't know you'll be listening to hillary clinton's speech and monitoring it for us. you're feeling the unrest in libya...

International events like this, it just reminds everyone that we produce about 88% million barrels a day and use about 88 million barrels a day in the world. we are really finally balanced here overall. when you look at what the gas prices have been doing, it has been remarkable. gas prices, $3.37 -- >> christine, we're having like a grem line kind of morning. your microphone is messed up. we're going to go to nic. are you there? >> i'm here, we're driving through the streets of tripoli. we've been taking a look around the city today. yesterday, we were -- just 40 minutes away from the capital...

Price marks on the graph, this is october 1st, 2010, and we went to 2.79, then the first of the year, right here, january, we went from 2.59, up to 2.99. today, as i just mentioned, prices up here, around 3.37. with so much uncertainty as to what happens next. frankly, no one knows how much higher it could go. stuart varney, fox business network, good morning to you stuart. some folks in this country are already paying over $4 for a gallon of gasoline. that's not what you want when you're trying to get a recovery to stay on hold. >> that is for sure, bill. you could say that libya has cost ame...