joining me is charlie gasperino and gerri willis. good to have you guys here. gas prices have jumped 45 cents just in the past 20 or 31 days. why? >> well, this is the highest we've seen them at this time of year ever and what the pros say there's a reformmation of the blending going on and that raises prices, but in reality, the refineries are having problems shutting down. it's pa aging infrastructure. for example, we're just shutting down in refinery in new jersey this weekend up and down the atlantic seaboard it's causing real problems. >> mike: charlie, the president in 2008 said the president then, bush, should be able to do something about the high gas prices by the way a lot less than they are now. can this president now do something about it? >> well, we should point out some of this is out of his control. remember, oil is traded on a commodities market and when you have interest rates low, vaefrts will buy up other commodities. >> mike: explain what you mean about that that's over the med-- >> interest rates alone, a return on a bond is a lot less tha

charlie gasperino. >> neil: and to like i said, charles payne who did such a good job, i'm cutting -- >> and unfortunately your mic does work. >> outside of the aspect of this. extraordinarily dangerous thing. and the overall tone was, people have it, they've got it nefariously and i will get it for you. no, it's not going to cost the government anything. it's going to cost something, i'll get it from the people that somehow got it from main street. you know, i'll go and get it from them. don't worry about it, it's not going to cost you a dime. >> neil: there are a lot of things to worry about, proposed in the state of the union address. he didn't say you'll get it free, but stuck it into the deficit meaning someone is going to see something and pay something. >> you bet. i mean, no doubt about it and i have to tell you, i think it's immoral to make all of these promises when you know at the end of the day you can't afford it, we can't afford it. to say pre-school for everybody, are you kidding me? we don't have the money for that. he promises mortgage assistance. >> 3000 for everybod