On Your Bottom Line

We have the best advice on getting out of debt, finding jobs, securing a better mortgage, saving for college, paying off student loans, managing your retirement dollars, and a whole lot more.
March 31st, 2012
09:50 AM ET

Simple ways to reduce college costs

Kim Clark and Christine Romans discuss simple strategies that could save you thousands in college costs.

March 31st, 2012
09:35 AM ET

Capitalizing on Trayvon Martin's death?

Jeff Gardere, Carmen Wong Ulrich, Pete Dominick and Christine Romans discuss various reactions to Trayvon Martin's death.

Filed under: Parental Guidance • Your Bottom Line
March 30th, 2012
03:27 PM ET

Parents gone wild: Alicia Silverstone's feeding video

Parents change diapers and pay for college. Do they need to chew their childrens' food as well? Jeff Gardere and Carmen Wong Ulrich weigh in with Christine Romans

Filed under: Parental Guidance • Your Bottom Line
March 27th, 2012
03:28 PM ET

The truth about your health care

Andrew Rubin and Christine Romans discuss President Obama's health care reforms and the effects of the upcoming Supreme Court ruling.

Filed under: Your Bottom Line
March 24th, 2012
10:00 AM ET

Failing students pose national security risk?

Leigh Anne Tuohy, Joel Stein, Sunny Hostin and Christine Romans discuss the national security risks of the U.S. dropout rate.

Filed under: Educating America • Your Bottom Line
March 18th, 2012
09:55 AM ET

Mundy: Wives to out-earn husbands by 2030

Liza Mundy, Nell Merlino, Robi Ludwig and Christine Romans discuss the steady increase in the number of women out-earning their husbands.

Filed under: Your Bottom Line
March 17th, 2012
09:40 AM ET

Is college worth the cost?

You can't afford to go, but you can't afford not to go. Ali Velshi, Anthony Carnevale and Christine Romans break down the numbers an explain that what you major in matters too.

March 16th, 2012
04:53 PM ET

The truth about high gas prices

By Christine Romans

I'm going to tell you a little secret. Presidents can't really set the price of gas short-term. And maybe not long term either.

Sure, you've heard otherwise on the campaign trail. Newt Gingrich says a vote for him is a vote for $2.50 gas (picking up from where Congresswoman Michele Bachmann left off). The president calls those campaign promises about gas prices "phony," oil traders laugh, and economists shrug.

The way I see it, there are maybe five quick ways to lower gas prices quickly.

  1. A depression
  2. Peace breaks out betweenIranandIsraeland theU.S.immediately lifts sanctions
  3. TheU.S.drops every one of its clean air rules
  4. Chinagoes 100% solar overnight
  5. We drain the Strategic Petroleum Reserve

None of those things is happening. On point #5, the president tapped the Strategic Petroleum Reserve last year when Libyan supplies were off the market. That helped for a hot second. The risk, of course, is that oil markets see a move on the SPR as a bullish signal, and it just drives prices up further.

And then there is this uncomfortable fact - gasoline demand has been down in theU.S.recently. How can demand be down and prices be up? Answer: Because headlines from theMiddle Eastand growth in emerging markets matter more than American demand.

We are entering a period in history when theU.S. is not the only engine that moves the needle on the global economy. It matters just as much how much crudeChina,Brazil,Indiaand other emerging markets are guzzling as we are.

Sure, presidents and government could RAISE gas prices quickly if they wanted to by taxing it. Beyond that, their control is much more subtle and long-term.

If the controversial Keystone XL pipeline had been passed, gas prices would probably be exactly where they are now. (That's not to say it's not a good idea to diversify our crude supplies and focus on North American sources. )

And investments in renewable energy are long-term, costly and, as we saw with Solyndra's bankruptcy, political.

Also political: drilling. The GOP wants more drilling on federal lands. And Republicans accuse the White House of slow-walking Gulf drilling permits.

"Do not tell me we're not drilling," the president counters. "We're drilling all over this country."

The White House reports the highest domestic oil production in a decade. That's true, but industry insiders credit policies already in place before this administration.

So where does that leave us?

Bottom line for you - the only thing simple about gas prices, is presidents don't set them. But we certainly feel them.

Richard Florida wrote the book, "The Great Reset", and is a guest on the show this week.

“Increasing numbers are walking or biking to work or downsizing that house. If we want to make the American economy thrive we have to make the American economy less oil-dependent and that means the most important thing the president can do and we can do is change the way we live.”

What do you think about the politics of gas prices? Weigh in! We want to hear what you think and we'll read your comments on the show.

Filed under: Your Bottom Line
March 16th, 2012
04:30 PM ET

Is $2.50/gallon gas possible?

Lizzie O'Leary, Richard Florida and Christine Romans discuss Newt Gingrich's gas plan and the effect of high gas prices of the American people.

Filed under: Your Bottom Line
March 11th, 2012
09:00 AM ET

Ways to save money at home

Adrian Nazari and Christine Romans give advice on refinancing mortgages and other ways to save around the house.

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