15 40 News Today

As a part of the Government of Indias initiative towards market intervention to control the price of wheat and flour, the fourth e-auction to offload wheat under OMSS (D) was held on Wednesday

>> reporter: tonight, holiday air travel soaring back to near prepandemic levels. >> i knew it would be the busiest, but i still have to make the trip. >> reporter: wednesday, the busiest of the season so far. flightaware showing the crowded skies from 6:00 a.m. to noon. planes swarming from coast to coast. tsa screening more than 9.5 million passengers since sunday. >> when it comes to thanksgiving holiday travel, houston airports is seeing a larger crowd than it did in 2019. >> reporter: so fa...

Winter for too many americans. the cost of heating oil at an average of $5.70 a gallon last month. thats up 70% from the same time last year. the northeast is so short on oil supplies, fuel oil, that it is being rationed. fox business correspondent is live in new jersey. >> families will be paying a lot more to heat their home this winter. you look at home heating oil as an example. if a family bought their years worth of oil today they pay $2 thousand more than they would have last year. this i...

Straight after the news. 0ne lucky euromillions player from the uk has won £171 million in last nights draw. thatjackpot winner is now richer than adele or ozzy osbourne. the prize is the uks third—largest ever — just 16 uk players have won more than £100 million in the lottery�*s history. you can see more on all of todays stories on the bbc news channel. the next news on bbc one is at 5.40pm. bye for now. hello. we are going to have a mixture of sunshine and scattered showers through th...

>> president biden: i always bring up human rights, but my decision on jamal khashoggi has been clear, if anyone doesnt understand it in saudi arabia or anywhere else, they havent been around for a while. >> it will be a key moment to watch, his body language, he said prior to the trip he was taking covid precaution, maybe this was excuse, maybe it wasnt, he did shake hands in israel. >> carley: thank you. a rabbi, senior advisor to donald trumps advisor to israel offered advice to president bid...

Fossil fuels. we have the ability for energy independence. we have the ability tomorrow, correlate, to lower the gas prices and why? the gas prices are not based on the here and now but on oil ventures. if we did things like say open up xl keystone pipeline and offshore drilling, immediate results will go down. but instead joe biden is trying to play gimmicks from 18-cent tax holiday. and its not the $0.18 but the $5.40. but we need to look at the fact that we cannot depend on adversarial nation...

>> reporter: when do you start seeing personal confidence decline? >> its going to be a tale of two economies. if you own a house, you have increased equity, and youre feeling like you have greater ge wealth. if you dont own, just trying to find a place to rent right now has become much more difficult. >> reporter: while this is the first time that we hit that $5 mark nationwide, this is not a record. back in 2008, gas prices went up to the equivalent of $5.40 a gallon, when you adjust for infla...

A gallon gasoline, every night another couple of states are added to this list and were expecting this year to continue. now, youve got to reach $5.40 a gallon to match inflation adjusted the high from 2008-2009 but with inflation on everything going up it just shows you why the american consumer is so frustrated here. goldman sachs in a note to its clients yesterday saying oil could hit $140 -- $140 a barrel this summer, and that is needed to actually incentivize more drilling and more producti...

But obviously to get to that $6 mark we would have to tack on another $1.20 a gallon. something that isnt yet necessarily guaranteed but obviously every day we go up, i think we have to see an exceptional event for us to get the $6 mark. a major hurricane in the gulf of mexico shutting down oil refineries in that area. thats the realm of possibility. we need an exceptional event to get us there. >> sandra: consideration diesel is at a record high. tough on the trucking industry. thank you for th...

Million barrels of consumption per day, 8.8. were already seeing the high prices causing a low level of demand destruction. i think that demand destruction heats up when gas prices hit over the $5 mark. 2008 we hit $4.10 a gallon. the equivalent today is $5.40 a gallon. expect it the grow after the $5 a gallon mark. >> sandra: not good for u.s. consumers. you are predicting we could see prices go up just today and by the weekend. you are looking at the fact were entering the summer driving seaso...