Page 7 - Foil Flow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The station, what people don't understand is, okay, no oil flow has been cut off except in libya where we don't get much of our oil. why is it now 17 cents higher per gallon than it was a week ago? what is driving them up -- fear? >> yeah, fear. i think there isn't a large cushion that the global demand suppliers are close to each other. if you take any amount of supply off line then you have higher prices. so i think it's the concern that we are going to lose those supplies. >> i think mark has this right. if you dial the clock back to summer of 2008 we saw oil at $140 a barrel. since that ti...

With me now here in washington the chief economist for moody's analytics and douglas holts aiken former director of the congressional budget office. when i talk to people about gas prices, even the folks that own the station, what people don't understand is, okay, no oil flow has been cut off except in libya where we don't get much of our oil. why is it now 17 cents higher per gallon than it was a week ago? what is driving them up -- fear? >> yeah, fear. i think there isn't a large cushion that the global demand suppliers are close to each other. if you take any amount of supply off line then ...

Out and i have to run trucks and these guys, we literally can't add new routes. we can't afford to do it. >> peter: you're right, but like a lot of people that we know, we sit around and say, okay, there's crisis in the middle east, people are in the streets in various nations, how does that correlate at this point to an increase in gas prices? what has actually happened that the gas has been cut off in some way. >> clayton: that's a great point. >> peter: what's going on. >> clayton: i'm struck by why in the world does it affect us because most of the world in the united states comes from can...

Afghanistan war to be made public. the website wikileaks is planning to release the rest of the secret papers it has on file. the pentagon warns their exposure would be even more damaging to the military than what was previously published. president obama signs a bill to strengthen the nation's border security today. it provides $600 million to fortify the mexican border. that money will put more border patrol and customs and immigration officials on duty. it will be final approval in a special session. it was the second time the senate was called to a special session in august since 1970. ...

Everything is a go, so they could start pumping that drilling mud as early as tomorrow. if that goes according to plan they could use that equipment to pump in the cement to finally, finally cap this well. megyn: that's the goal to get the permanent fix on, but in the meantime the temporary fix, the cap that they put on there, has been working, and it has stopped or slowed much of the oil flow. so how are the local fishermen now reacting to that, kris? >> it's great news because they continue to open up the commercial fishing areas. we could show thaw these guys just came in with several bucke...