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the decline. 3.98 centss is what they stand out now. it's 4.32 in the bay area. and oakland at 4.27. an >> that's a new one. i vent heard that. >> do you believe it? >> no. >> reporter: analysts are talking about a drop up to 50 cents a gallon by the end of june. >> i await the day that it comes. i'm really looking forward to it. >> reporter: some of the factors, oil, which is used to make gasoline has toppled 15% in price. investors who were worried about falling demand and the u.s. dollar getting stronger. >> i'm skeptical about whether the prices will go down. if they do, it's goi...

Second, they did a lot of things on green energy and other projects, job creating projects, that the congress of the united states had put in place inducements, tax credits, to go out and do that. so this year -- >> jenna: i just want to interrupt you for a second because maybe sewers -- viewers don't know about the report last week from showed ge as an example getting around the taxes and you're pointing out there were a few reasons for that. >> right. i mean, massive losses. plus, very important job creating activities. next year will be different. jenna: and to your point, consumers also ge...

More than half the hiring, while the adp report shows some job growth and expected jab cuts, they're also lower. challenger, gray christmas reports the number of jobs cuts fell 18 percent. jn jn that's not bad news. this overshadows a jobs report due out friday, we get a new unemployment rate and see how many jobs added in march. are we past the point of a double digit recession or is that a possibility? >> let's talk to tom don knew -- donahue, he has an insight into what companies are doing these days. what do you think about that, are we out of the woods as far as a double-dip recession in ...

it's "happening now". jon: good morning to you! i'm jon scott. jenna: hi everybody, i'm jenna lee. nice to have you back, jon. "happening now", major setbacks in the rebels in libya, proqaddafi forces forcing them to retreat from a key oil town. it's a big story, jon. jon: it's a rapid reversal coming days after the opposition made gains west and trying to take over qaddafi's home town. nato war planes flying over the zones with the heaviest fighting, witnesses reporting hearing explosions indicating a new round of air strikes. jenna: all the chaos is affecting the oil industry. th...

day three quickly moving to day four. welcome, i'm bill hemmer, welcome to "america's newsroom", good morning martha. martha: good morning, bill, good morning, everybody. i'm martha maccallum. as you can see there's a lot going on in libya this morning, forces loyal to mommar qaddafi, allied forces in the blitz, a big relief for the rebels. >> we don't want to kill. we want the united states and other countries in united states or europe, we fight them all day. the european people, they come here in this country to fight us for oil. bill: so many questions today, including who are th...