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On average, texas at $4 and mississippi at $4.03. whats driving down the prices? experts say its supply and demand. production has increased while inflation and economic uncertainty has led americans to fuel up less. >> we all are dependent on transportation. those gas prices are going to play a big part in getting around. >> reporter: officials at the white house insist the recent trend is not a blip. >> we think its reasonable to expect more gas stations to lowerprices. >> reporter: its also n...

That crash of that miami air flight in jacksonville. the plane going off the runway earlier this month. the ntsb tonight saying the pilots were unable to stop in time, deciding just moments before to land on that wet, shorter runway in bad weather. the average cost of gas nationwide falling to $2.85 per gallon. aaa tonight saying the most expensive gas is in california at $4.03, followed by hawaii, washington state, nevada and alaska. alabama with the cheapest gas. louisiana, mississippi, sout...

Ones. one there were temporary problems at refineries and pipelines and that is causing production issues around the country. you might remember the large fire at the chevron refinery in northern california. aaa says the average price in that area in sacramento is $4.03 a gallon. that is compared to 3.76 a week ago. a report came out today saying it could be six months before the refinery is back into full operations. the other factor hear is the drought. you might not think about how the two co...

Last night? how would you grade him? >> i think newt did very well. i think one thing that he did very well, that people are thinking about, is working on american energy policy. and the reason thats important is because, american energy policy ties very closely to foreign policy, our security, israels security, foreign oil supply, domestic production, what relates directly to jobs. keystone pipeline is certainly a great example of that. and more directly, you know, i was just down the street in...

Back for lent either. >> this is the problem. heres what happens. theres a natural national average $3.57. its a nine month high based on all the things going on in the middle east and what not. when you see a gallon of gasoline in the bronx at -- >> $4.50. regular. >> very careful that these people on these corners arent gouging. they hear the news story and they see whats going on and they start to jack up the price in the corner. there are anti-gouging laws. people actually see something like...

Prices are ticking up every single day elsewhere. fox business networks stu varney joins us with the forecast for the days and weeks ahead. stu, youve been warning about this and boy, weve seen such a jump just in the past days and weeks in many of our major u.s. cities. >> reporter: yes, there has an sudden surge in the price of gasoline and it is happening right now. give you a couple of examples: in cincinnati, the price of regular unleaded has gone up 17 cents a gallon in the past week. in l...

Were seeing right now, $120 or something in europe, that wont hit the pump for a good 30 or 45 days so were going to see gas prices rising for a long time. >> i think so. it looks like $4 as the national average is definitely on the horizon. its already arrived in california. the average for all gas stations in california, regular unleaded is now $4.03 a gallon. here we come. were heading to $4. >> sure, so were heading to $4. lets give folks at home a little historical perspective. when barack ...

Snow on the ground. not seeing that cold blanket of snow helping to cool the air that comes across it. so not a lot of snow in the forecast either for the next few weeks. >> and alas, alexandra, it is just the beginning of winter. >> thats right. a lot of winter left. we could cool down. >> ground hog day, february 2nd. then well really know how much winter is left. thats what i base my forecast on. >> all right. not me. >> of course not. get ready for a shock at the gas pump. prices up nearly...

Lot more to fill up your cars this year. thats the word from analysts who say the price of gas is now at an all-time high for this point in any year. circle a reports the current national average for a gallon of regular unleaded is 3.35. twenty-seven cents higher than this same time last year when prices hit a record. lets go state by state now. hawaii, 4.03 already. alaska, 3.87. california on average, 3.67. here in new york, 3.61. keep in mind, in a few months, refineries will switch over to t...

Thats the word from analysts who say the price of gas is now at an all-time high for this point in any year. circle a reports the current national average for a gallon of regular unleaded is 3.35. twenty-seven cents higher than this same time last year when prices hit a record. lets go state by state now. hawaii, 4.03 already. alaska, 3.87. california on average, 3.67. here in new york, 3.61. keep in mind, in a few months, refineries will switch over to that more expensive summer blend. thats wh...