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Costs. its like, okay, yeah, we could drive another half hour, another hour, but its like, were paying $3.50 for gas. >> reporter: but gas prices are falling to a seven-week low, down 20 cents in michigan in the last month to $3.22 a gallon. and for these new small business owners, every cent counts. >> you have a budget that you have to stick to. >> reporter: this year, the couple launched their wood, furniture, and decor company, palomino and co out of their garage. but then the cost of lumber...

Kelly ogrady has the details tonight from l.a. >> l.a. county is the first place in the nation to vote for phasing out oil production in unincorporated areas and so county officials are aiming to boost the growing reputation and address environmental impacts related to oil drilling. l.a.s oil industry supports more than 10,000 jobs, half of which are affected by the shift. and industry leaders are also concerned about where l.a. will get oil if it is not from domestic production. >> we have been...

Steve: stay tuned for that thank you, jillian. oil prices climbing to highest level since 201 on tuesday. as opec ignores president bidens plea to ramp up production. the price of u.s. oil now sitting around $78 a barrel. driving up gas prices. and heating costs ahead of winter and less money in your pocket. here with reaction is fox business correspondent jackie deangelis. jackie, good morning to you. >> good morning to you. steve: wasnt that long ago we were number one in oil production under ...

Negotiate, car prices will go up in the united states. number two, we may get a few more jobs in the united states and canada, higher wages, that could be a win, interestingly, we may stop producing some of the smaller cars, it will be too expensive to make in the united states. there is good and bad of what is coming from this. >> and wages, the average autowage is $22 in the united states. and mexico, $3.22. it is more likely that mexican wages would go up. and the u.s. would come down. chines...

Average of $3.22 -- im sorry, $2.32 a gallon. thats almost $1 cheaper per gallon. thats putting extra money in americans pocket, more disposable income and more money to travel. >> talk about the relationship between holiday travel and the economy. if its looking good right now, what does this say about q12015 and the rest of 2015? >> the economy is a big driver for aaas forecast for the year-end holidays. what its showing is people are feeling more confident about their economic future. that wa...

>> there will be a theatrical release. >> if we take the hackers at their word. >> if you have data it can be hacked. thats the thing to remember. >> colonel jacobs, thank you very much. alan gross, the american releaseded from cuba just received a 3.22. he was arrested and jailed in 2009. homeland security officials says they are screening after the le re lease of a man who police say was smuggling guns in his bags for the last few years. pete williams has the latest.

Flourish now in pakistan. greg talcott, thank you. >> well, its hard not to notice that gas prices are continuing to fall. now less than $2 per gallon in some states. the national average for regular gas right now is $2.52, thats down from the average of $2.89 a month ago and $3.22 last year at this very time. but while this may not -- may bring joy to drivers, it does come with bad news. the u.s. energy department has reportedly lost nearly $35 billion since june, thats thanks to the drop in th...

Get one free. record number of holiday travelers 94.5 million people will go at least 50 miles between tomorrow and new years day. about 86 million of us will hop in the car paying about $3.22 for regular unleaded. that is about the same as last christmas. analysts say lower prices are typical for this time of year. some are optimistic prices are going to go even lower over the next few weeks. mcdonalds has 10 million pounds of mighty wings they need to sell fast. thats a 5th of the original 50 ...

>> just look in your closet and anybody watching today look at your shirts, your pajamas probably made in china, maybe vietnam, maybe bangladesh. 98% of all american clothes are manufactured overseas and they do it quick and they do it cheap. and if you want to know just how cheap, the institute for global labor did a study. they took an american company and a company in bangladesh and said we want to see how much you could make the same demen shirt for. exactly the same. absolutely everything. ...

Bangladesh to quote to make a denim shirt. now, the usa factory said it would cost $13.22 to make the shirt. the bangladeshi factory said $3.72. strip out shipping and all the other things and you end up with basically two major components, materials of course, which in the u.s. are $5. in bangladesh, $3.30. and what a discrepancy in terms of percentage of total cost. and now throw in that other big element, labor. $7.47, 57% of the cost in the u.s. but in bangladesh just $0.22, just 6%. we see ...