05 02 News Today

>> the roads are going to be packed as summer kicks off this weekend. aaa expects more than 37 million people will be hitting the roads, hopefully not all of them in new jersey where im going to be. thats up by 6% from a year ago. but i am here with some good news, and that is despite the rising number of people on the roads, the cost of road trips is actually going down. drivers across the country are being greeted by cheaper gas prices than last memorial day weekend. a lot cheaper. on average,...

Hit by these missiles. we will leave it there. abdujalil _ hit by these missiles. we will leave it there. abdujalil abdurasulov, - it there. abdujalil abdurasulov, thanks forjoining us, abdujalil. mortgage costs are rising, after higher than expected inflation figures this week. the big question now is how much interest rates might go. there are expectations the bank of england will lift them higher than previously thought, in an effort to slow the rate of inflation. our business correspondent, ...

Roads are going to be busy as summer kicks off. aaa says a 6% increase in road travel this memorial day weekend, but i am here with some good news because despite the rising demand the cost of road trips is actually going down. drivers are being greeted by cheaper gas prices this year, much cheaper, the national average is $3.57 a gallon, down by more than a gallon from the $4.60 years ago, miles away from the record high last june of $5.02 a gallon. gasbuddy says drivers in all 50 states are se...

Its stoked concern that the bank of england will have to continue to raise interest rates for longer to try to reduce inflation. our business correspondent, marc ashdown, is here. nationwide is among lots of mortgage lenders who are putting their rates up. for new borrowers and those looking to re—mortgage, the average deal on the market for a two—year fixed—rate mortgage is now 5.35%. for a longerfive—year deal its 5.02%. thats bad news for anyone looking for a mortgage deal, like self�...

It is wild. its hard to imagine right now, but back in 2020 gas prices got to as low as $1.85 a gallon. that was because people werent driving due to covid. president biden took office, under $2.50 a gallon and russia invades ukraine. gas prices shot up. they peaked at a record 5.02 a gallon. the fear was russias supply was going to get knocked offline. thankfully that has not really happened. oil continues to flow from russia. so weve seen gas prices come down, also because of recession concern...

As americans are seeing some relief at the pump, gas prices continue to drop. theyre now lower than they were one year ago. the national average is $3.33 cents per gallon compared to $3.34 this time last year. in tonights "money watch" cbs kris van cleave reports that despite falling gas prices, americans are still being squeezed by inflation. >> reporter: how low will they go? plummeting pump prices below $3 at this atlanta-area gas station thursday. how much are you saving with gas prices down...

Thats down 40 cents from a month ago and more than $1.60 from a peak of $5.02 in the middle of june. eight states are currently under $3 a gallon, part of a growing trend. >> the national average could fall under $3 a gallon, even ahead of our forecast. so we continue to see gas prices fall at a very brisk pace. >> plunging oil and gas prices are being driven by a deepening recession in europe, rising interest rates in the u.s. and covid outbreaks in china. but the fragile fall in fuel prices co...

Last month. down by more than a dollar from the record high of $5.02 back in june. ana, this of course is great news for the economy and for consumers. >> i just saw a report from wells fargo that says going out to a restaurant for thanksgiving is a better deal than actually cooking at home. that one is a shocker. really? >> this was a shocker. i think the point is that prices at the supermarket have gone up very sharply. and that is going to be felt this thanksgiving. the american farm bureau f...

In the killing of khashoggi, he fist bumped him. saudi arabia did the opposite. >> in the end now in october were seeing he was not able through that trip or through a months long lobbying campaign of other white house officials to prevent this outcome. >> reporter: the move is also seen as a win for vladimir putin boosting the price of russian oil as the kremlin looks for ways to fund its ukrainian war effort. in the u.s. average gas prices soared to a high of $5.02 and then fell to $3.64 but h...

More than ten-year high this winter. >> the oil market looks ahead. the price is already moving. higher prices for drivers, higher prices for heating. >> in a statement, the white house called the move shortsighted. experts fear another bump in the road. back in june, the national average peaked at $5.02 per gallon before leveling out at $3.67 in september. in california, gas is $6.42 per gallon. thats up 24 cents in the past week. >> i feel robbed, man. >> reporter: the rise comes amid skyrocke...