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The s&p 500 finished ahead 12. nasdaq up 32. price of gal dropped 2 cents a gallon overnight. the national average is now $3.93 a gallon. however, crude oil jumped more than $3 a barrel to close at just over $100. cargo ships are moving slowly along the bloated mississippi river today following tuesday's costly day-long stand still. officials closed 15-mile stretch of the river because the wakes generated by the ships were increasing the strain on levees. the delay can cost if economy hundreds of billions a day. >> obama administration is once again upsetting the core constituencies environm...

The s&p 500 finished ahead 12. nasdaq up 32. price of gal dropped 2 cents a gallon overnight. the national average is now $3.93 a gallon. however, crude oil jumped more than $3 a barrel to close at just over $100. cargo ships are moving slowly along the bloated mississippi river today following tuesday's costly day-long stand still. officials closed 15-mile stretch of the river because the wakes generated by the ships were increasing the strain on levees. the delay can cost if economy hundreds of billions a day. >> obama administration is once again upsetting the core constituencies environm...

Giveaways aren't right. they aren't smart. and we need to end them. >> and this week exxonmobil announced nearly $11 billion in profits this quarter. that's a 69% jump. shell and chevron earned more than $6 billion apiece, bp's profit jumped 17% despite the oil disaster. republicans agree gas prices are too high, but they say the white house is to blame. >> for more than two years his administration has knowingly increased energy prices by choking off new sources of traditional american energy and smothering our economy in new energy regulations. >> well, today the average gallon of gas is at ...

In the yard outside. but the damage here is phenomenal. that's about the best way tosy it here, alex, back up to you. >> okay, thank you so much, ron mott, incredible story and pictures. what can explain this devastating outbreak of tornados? in just a bit i'll talk with conservation biologist reese halter about that. oil companies are defending their massive profits this quarter in the face of growing outrage over the soaring gas prices. overnight the average cost of gas ticked up another two cents to $3.93 a gallon which is up now 30 cents in the last month. it's up more than a dollar fr...

Energy's website. it will tell you, field drilling has gun from 10 million barrels a day to 5.5 million. offshore isn't spiking. our oil production is on the way down, while our demand is on the way up. that's why our prices are $3.59 at the pump now. when obama took office, $1.93, 56% higher. megyn: are we allowed to drill off both coasts? >> we're allowed to, but you have to be permitted. there's been a moratorium on offshore deep water drilling that was placed in the '70s. it was removed by george bush, price of oil went down. it was reinstituted when the b.p. oil disaster happen. the obama...