Detailed text transcripts for TV channel - CNN - 20100308:15:38:00
Acting on the price of gas. the biggest one is the price of oil. not more demand for gas. we're not driving more, kyra. the issue is obviously gas moves with the price of oil. $81.50 is where oil settled on friday. we're not in a recession. but most people think we kind of are. oil is $70 to $80 in a recession, kyra, what happens when the economy is actually booming and we're not car pooling and not saving on how much we drive and we decide to drive big gas guzzlers again? what's happening is as the economy starts to improve, a lot of specklators are saying, oil is going to get more expensive....
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