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March 28th, 2012
11:45 AM ET

MYB: Fedex CEO on who is to blame for rising oil prices

Christine Romans talks to Fedex CEO Fred Smith on causes for oil price spike and how his company is compensating.

Filed under: Gas prices • Minding Your Business
March 19th, 2012
08:27 AM ET

Burkhard: There's no 'quick fix' for rising gas prices

The GOP presidential candidates are hoping to turn your pain at the pump into political gain.

The average price for a gallon of regular has gone up again this morning. It's now selling at $3.84 a gallon – that's up nearly 50 cents for the year, and almost double what it was when President Obama took office. And it's affecting the president's approval rating.

According to a Washington Post/ABC News Poll: 50% strongly disapprove of the President's handling on the economy. That's up nine points from last month.

Mitt Romney says it's time to fire the people in charge of our oil supply. He says the President should get rid of Energy Secretary Steven Chu, Interior Secretary Ken Salazar, and EPA Administrator Lisa Jackson.

This morning on Early Start, Global Oil Group managing director Jim Burkhard explains why there is no 'quick fix' to today's rising gas prices, and why opening the Strategic Oil Reserve won't help.


Open oil reserves to stop prices rising?

IHS CERA managing director Jim Burkhard on why opening the Strategic Petroleum Reserve won't stop gas prices from rising.


No 'quick fix' for rising gas prices

Jim Burkhard, Managing Director at IHS CERA, explains why claims of quick fixes for rising gas prices are not true.

Filed under: Gas prices
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