>> host of " mad money ."
>> good morning.
>> is there anything to avoid $5 by memorial day ?
>> only if iran stops this nuclear program.
>> iran accounts for 2.5% of the worl's oil exports . why is it having such a big impact on the u.s. price of gas .
>> they are a gigantic exporter to europe . they take away from ours. there is not a lot of excess supply now.
>> what about the options for the administration? republicans are starting to make gas prices a campaign issue. one suggestion made by a former adviser to president obama said what about compensating people when gas prices go up? he had a proposal for that. could it help?
>> congress is in no mood to give that kind of tax break after all the wrangling. the only thing i can see is a radical use of natural gas for surface fuel. the president endorsed it in january. it's got to be for trucks. they are the big users of imported oil.
>> barring that impact on the economy with the rising gas prices .
>> we are probably going to $5 if the trajectory continues for the price of oil . you can figure every $10 increase in the barrel translates to 25 cents at the pump.
>> we have to look at what happened overnight regarding greece. europe finally agreed to a new bailout.
>> right.
>> this to prevent bankruptcy. could it have a positive impact for the u.s. economy ?
>> yes. not as positive as the negative of higher gasoline prices but this helps the stock market . the worries of europe are going away.
>> meantime you mentioned the stock market . on friday it was a big day for people who are investors. is this good only for rich people or is this good for all americans?
>> 90 million households own stock either through iras or 401(k)s. any increase helps consumer spending .
>> did investors who are rich win or did everyone win?
>> i think if you're saving and using any part of the stock market you're a winner.
>> jim, thank you for your perspective.
>> thank you.
>> it's a pleasure to talk to you. catch jim on " mad money " weeknights at 6:00 and 11:00 eastern time on
Source: http://video.today.msnbc.msn.com/today/46462658/
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