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Have a minimal impact on inflation. arthel: so the nonpartisan congressional budget agrees, the office agrees saying its effects will be negligible. so what will the bill do? lets bring in economist peter morici, former u.s. international trade commission chief, also business professor at the university of maryland. so, professor, unemployment rate is very low, 3.5%. gas prices dropping. less than two months ago the national price per gallon of gas was $501, today its $4.08. a recession may or m...

They say it will be just under pre-pandemic levels by about 7%, so if you have so many drivers still hitting the road, china coming out of lockdowns like john mentioned, demand for oil and gas still extremely high, and that, anita, could drive up prices even more. >> anita: you have to figure gas prices into your vacation budget now, thats a big part of it, right, grady? all right. >> exactly, unfortunately thats what it has come to. >> anita: it has. thank you so much for the live report. >> jo...

The emergency oil releases between the united states and allies bouncing back again because china has started to relax the covid lockdown and theres a lot more concern about russias supply as europe considers new sanctions. the problem is you cant replace russia as an oil producer. its the larger exporter of oil in the world. the good news is oil prices have come down. its down to $4.08. thats not cheap. down 8 cents in the last week. about a quarter from a month ago. $4 gas could be right aroun...

$4.08 a gallon. that is not cheap but it is moving in the right direction, down 8 cents in the last week, down a quarter from a month ago. thats because they take -- gas prices take their cues from the oil market. now this is when the war started. you see oil prices shot up, but they have cooled down because the u.s. and its allies have released unprecedented amounts of oil from emergency reserves. one key thing to launch is just the last few days oil prices tick back up and we need to keep an e...

Pricing on everything from gas to groceries to housing are still rising at a rapid pace. the government says inflation rose 8.5% from march 2021 to march 2022. thats the largest annual increase since 1981. with prices rising more than 1% between february and march. the driving force behind the recent price spikes in high oil and gas prices are because of the war in ukraine. aaa says that the national average for regular, now $4.08 a gallon. but it looks like we might be paying an average of $3.8...

Its changed life for russians inside russia, not to the extent ukrainians are suffering being bombed every day. but russians are feeling the pinch here. here in the united states gas prices are up. >> we saw gas prices this morning surging nationwide, and you can look at these numbers here, $4.07 today, up six cents from yesterday. that is a big pop. this is going to continue going higher. were talking about touching the 2008 record high, $4.08 or $4.10. we have oil prices hitting $130 a barrel,...

This weeks thanksgiving travel could be the busiest since the pandemic with aaa predicting some 53 million people out and about but there may be some bumps ahead as gat prices hit highs not seen in seven years. joining me now from tampa is nbcs stephanie stanton. stephanie, big welcome to you. what are the travelers saying about the high gas prices this holiday season? >> reporter: yeah, good afternoon to you, alex. well, naturally, as you might imagine, they are not happy about it. however, eve...

The men�*s b 4000 individual pursuit. they were the defending champions but the dutch caught the britons in the final. they did set a personal best in qualifying and told us how the standard�*s improved. we were happy with apb, you cannot really knock it. we got six seconds pass them which is a pb and a strong field, it was 4.06 when you think we won with a 4.08 in rio and the standard is going up.— won with a 4.08 in rio and the standard is going up. there is a lot more on the _ standard ...

Supply of crude oil are becoming unclogged, we certainly hope were going to keep on dropping in price. >> mandy drury, thank you so much. gas prices may be down, but they are still up over $4 in some areas. here are the states with the highest prices. take a look at this. connecticut, number five. $4.05. washington state residents paying $4.08. californians paying about four bucks. in alaska, $4.36. and in hawaii, $4.55, top of the list. [ donovan ] i hit a wall. and i thought "i cant do this, i...

Mortgage on the house to pay for it, it was so high. >> way too high. way too high. $4.08 a gallon? wow. and its not going to do anything for my tank. >> reporter: no. its not. even when theres good news in this story theres bad news in the story. new jersey traditionally had relatively lower gas prices when theres a crisis. $3.63. today, $3.73 in new jersey, thats a 11-cent increase just in one day. dont forget, those projections are some experts saying over $6 a gallon, i was in london a coupl...