The Senate Finance Committee will hold a hearing called "Oil and Gas Tax Incentives and Rising Energy Prices". Why does gas need to cost $4plus/gallon? Do these big oil companies deserve tax breaks and subsidies? CNN's American Morning speaks with Jack Gerard: President and CEO, American Petroleum Institute and Sen. Robert Menendez (D-NJ) who says it is vital to cut oil subsidies.

If you're looking to sell your home, the housing market condition may have you discouraged. The market is soft and there are a backlog of homes to be sold. How can yours sell? CNN's Christine Romans shows how a few simple steps can make your house stand out on the market.

NEW YORK (CNNMoney) - The national average of gas stands at $3.81 a gallon. Prices are up 24% from the start of the year. A big culprit behind the surge has been oil. While gas prices typically start to rise at this time of year, $100 oil isn't helping. Based on current oil prices, there is a 33% chance that the national average gas price could hit $4 a gallon in July, said the Energy Information Administration in its April short-term energy outlook. Shell Oil president says the rising demand of oil affects the price and alternatives need to be sought.