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May not be a whole lot better. the average nationwide price of se self-serve gas has topped $3.50. it's risen at a break-neck pace. almost 34 senlts in two weeks according to aaa. that's the fastest, highest increase since right after hurricane katrina. if this rate keeps up, not that it necessarily will, we will set a new record for the price of gasoline inside of a month from now. the highest average gas price to date is $4.11. you can see it there in the middle of the charge. $4.11, that was july of 2008. remember, averages are made from extremes, which means that the $3.51 average looks pr...

And a year ago it was only $2.71. bottom line, the prices are going up. joining me now, oil analyst peter butell. this is a real problem for a lot of people, especially people who have to drive, 30 minutes or more to work. we already see $4 a gallen in some places. how high are you predicting it may go? >> well, we usually see a high around memorial day, and the way we're going, it looks like we may have already hit my earliest predictions, which were -- was for it to get this high. i think we probably have another 25 or 30 cents to go. and i may be conservative there, as well. but we do have ...

Highest level in more than two years. april features jumped $5.71 today in new york to close at $59.42 a barrel. we'll tell you where it could be heading and how it could affect the u.s. economy later in the program. egypt military rulers today swore in a new cabinet replacing several ministers left over from the regime of ousted president hosni mubarak. there are still many unanswered questions in egypt. the real turmoil shifted to other region. thousands of protesters rallied in yemen, burning a car belonging to the supporter of the embattled president. a massive rally was held monday night ...

Highest level in more than two years. april features jumped $5.71 today in new york to close at $59.42 a barrel. we'll tell you where it could be heading and how it could affect the u.s. economy later in the program. egypt military rulers today swore in a new cabinet replacing several ministers left over from the regime of ousted president hosni mubarak. there are still many unanswered questions in egypt. the real turmoil shifted to other region. thousands of protesters rallied in yemen, burning a car belonging to the supporter of the embattled president. a massive rally was held monday night ...

Grade oil. we are seeing $89 a barrel for american oil, $104 for american oil. the price at pump is going up. look at that. $3.17 for a gallon of gas in the u.s. it's $4.71 in the u.k. and rising. $5.50 in italy and germany. the bottom line is a direct and immediate response to what we are paying here to what's happening in libya. this is the inflying you can feel and see it every day of your life. martha: it's that uncertainty that doesn't look to be ending anytime soon. >> reporter: we don't know what's going to happen in libya. in the meantime the price of oil rights in the anticipation of ...