CNN's Ed Lavandera joins Starting Point this morning live from Dallas, TX with the latest on the massive fire ravaged over Richmond, California and how it might affect already rising gas prices.
Some relief at the pump this week. It may not last long. This morning gas prices are down six cents from a week ago and it's two cents lower than a year ago, continuing yesterday's trend when for the first time in two-and-a-half years when the current price dropped below the price a year earlier. But analysts expect they could increase again before Memorial Day weekend. They do every year, right?
This morning on "Starting Point," BP Capital Management founder and chairman T. Boone Pickens explains why no one person is responsible for the gas prices. He also explains why the tax code needs fixing and why the Keystone XL pipeline makes sense. Read on to see his comments.
BP Capital Management chairman T. Boone Pickens on why the Keystone XL pipeline is important to U.S. energy independence.
BP Capital Management chairman T. Boone Pickens explains why the tax code needs to be simplified.
Sen. Bill Nelson (D-FL) says we need 'common sense' to fix the problems with rising gas prices.
Frank Verrastro with CSIS explains why oil prices are spiking despite increased production.
Fmr. Shell CEO and head of Citizens for Affordable Energy John Hofmeister explains what is driving gas prices higher, and says citizens need to be activated to find energy solution to oil.
CNN's Ali Velshi says gas is spiking because cost of oil has been going up for months without a change in price of gas.
Majority Whip Sen. Dick Durbin (D-IL) joins Soledad in-studio this morning, talking about the recent surge in violence in Afghanistan. He says the only course of action at this point is to bring our troops home, sooner the better.
Soledad also asks him about surging gas prices. Durbin claims it's not due to market forces, since there is an adequate supply of oil available. Rather he says the rising prices are due to uncertainty in the Middle East.
Majority Whip Sen. Dick Durbin (D-IL) says surging gas prices are due to uncertainty in the Middle East, not market.
Majority Whip Sen. Dick Durbin (D-IL) on what the best course of action is in Afghanistan after a flare up in violence.
Simon Constable, columnist for The Wall Street Journal, weighs in on Obama's response to the rising gas prices.
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