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Gasoline / Prices #989627

CBS Evening News for Monday, Mar 07, 2011
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(Studio: Katie Couric) The jump in gasoline prices since the revolt in Libya cited.

(Studio: Anthony Mason) The administration's consideration of tapping into the strategic petroleum reserves along the Gulf coast examined; details given of the use of the reserves in 1991 and 2005 and how supply/demand is not the factor driving up oil prices. [Eurasia Group analyst Greg PRIDDY†- comments on the statutory language for using the reserves.] [Economist Lakshman ACHUTHAN††- says the economy won't be derailed by a spike in oil prices.] [Lipow Oil Associates president Andrew LIPOW†- talks about oil supply.] [Petroleum Marketers Assn. of America Sean COTA†- says investment money is dominating the market.]

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:03:10

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