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LARRY KUDLOW INTERVIEW: Gas Prices Going Up Springtime

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Uploaded by on May 3, 2011

Crude oil prices fluctuated Monday following President Obama's announcement that U.S. Navy SEALs had killed al Qaeda leader Osama bin Laden. Prices first fell, then rose, then fell again, landing at a four-day low: $113 a barrel on the New York Mercantile Exchange. The U.S. Department of Energy reported late Monday that gasoline prices at the pump averaged $3.96 a gallon nationwide, up a little over eight cents from a week ago. The price hit $4 a gallon or higher in 12 states, plus the District of Columbia. AAA and other market watchers said they expect $4 to become the norm nationwide by the end of this week.

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