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World are starting to adjust their production forecasts to fit this new reality of inexpensive oil. and what did opec just do? it cut its oil demand outlook for next year, saying global demand will fall to the lowest point in more than a decade. and the energy department cut its gas price forecast saying driverses can expect to shell out $2.60 a gallon in 2016. by comparison youre spending 2.64 today to fill up. so this is good news and it is also good news for retailers like costco who is a win...

2009 and 2010 and 2011 and in 2009 we were under 9 million. the average car on the road is over 11 years old, at an all-time high. cars only last so long. you get worried, will i make it to work? is it reliable? is my kid safe in the car? you have this pent up demand. for those who have access to credit, interest rates are low. the average rate on a four year car loan is 2.64 percent. very impressive interest rate. >> heather: you mention this is a recovery story. you say that it is not a growth...

Software engineers, an audiologist and financial planner round out the top five. when i look at the best jobs in america, all top ten or 20 of them, its a lot of s.t.e.m. jobs, science, technology, engineering, math. a lot of very high-skilled, high-tech jobs in health care, and also in engineering. so listen up if youve got a kid in college if youre planning for your own future, science, technology, engineering, math, thats where the growth is on a lot of these jobs and thats where the money is...

What every other modern country has done. we spend $2.64 per capita for every dollar the other modern countries spend on health care. if we got to the level of the french, universal care, no out-of-pocket costs and probably the best system in the world, it would totally almost eliminate the individual income tax. thats how much we are wasting. >> the idea of entitlement, if you think about the fact that they are saying, these folks think they are entitled to health care, entitled to this and tha...

Percent today at $93.57 a barrel. and gatt prices, the national average at $3.17, and a month ago it was b, 3.11 and a year another $2.64. prices are rising. and libya only produces less than two million a day. the worry and the friction of the middle east will drive prices higher. >>shepard: we anticipated these and wondered why they were not happening. what happened? we are headed to $100 a barrel. >> last time we had $100 and then a high of $140. it can go up fast. the last time was before th...

>> it is up about 4%. you have a fear of inflation and geopolitical risk. libya different than other countries we have talked about. libya is an oil exporter, a major oil exporter and a member of opec. big oil companies, we are watching closely to see if they are halting production. the u.s. imported from here, 80,000 barrels a day, the largest proven oil reserves in africa. that will mean probably higher gas prices down the line. they have been moving in that direction. $3.17 gallon of gas hurt...

About 80,000 barrels a day from libya. libya exports an awful lot of oil to europe as well. so this is something people are taking notice to. weve already had gasoline prices rise. this is just another reason why many analysts are saying, martin, that gasoline prices will continue to rise. gas here in this country is about $3.17 a gallon. a year ago it was $2.64. if you want good news its still 22% below where it was in the bad old days of the summer of 2008 when it was $4.11. but when you have ...

Why dont we have both? [ male announcer ] old el paso. hard and soft tacos. ♪ feed your fiesta. in todays big breakdown, bigs news breaking a lot of wallets. im talking about gas prices. they are surging and it does not look like this is going to end anytime soon. the price for a gallon of gasoline has risen five cents in the past two weeks according to triple a. the price for regular is $3.17 a gallon nationwide. thats up 53 cents from more than a year ago when gas as around $2.64 a gallon....

Economically, as well. >> it will. what were talking about here are higher oil prices, and they will mean higher gas prices. youve got crude oil up another $1 in european trading and that is because what were seeing in libya. i wanted to show you quickly why libyas so important on the energy front. its the largest proven oil reserve in africa with 44 billion barrels of crude. the u.s. imports 80,000 barrels a day according to the energy information association. and libya is a member of opec, the...

Miles per hour, it would take them more than six minutes to cover it. it would take a car going 70 miles an hour a minute and 19 seconds to go that far. it would take a 737 going at 511 miles per hour, 11 seconds. and it only took 2.64 seconds for mr. harrisons bullet doing over 2,000 miles per hour. now, shep, explain to me as well. in the calculation, you take into consideration that the earth is spinning on top of everything else. right? because it is such a distance. >> yes, sir. its called ...