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>> reporter: of course gas prices is something americans are keeping a close eye on. the white house trying to promote to americans and voters in and around these jobs numbers. >> arlette, well leave it there for now. thank you so much. all right. even though gas prices are now lower than they were, they might not say that way much longer. cnns pete muntean looks at what is behind the prices and how long it will last. >> reporter: a key meeting on sunday. the latest is opec will not raise pric...

French history in that part of the united states, christine. >> interesting. thank you so much. back here inflation issue number one for americans for a year now is prices at the pump. a gallon of a price of gas cheaper than it was before russia invaded ukraine. the national average $3.45. below $3.54. the price of gas has dropped nearly 15 cents in the last week and more than 30 cents over the past month. now to a storm system expected to bring heavy snow. in california they are already bla...

Occupant of this covid crash and get to a more normal level, but the job market is just still strong. third quarter, the economy grew 2.9%. youre seeing signs of inflation starting to cool, but the ko consumer is still driving things forward. what i learned about the economy this week is it is showing a really robust strength here at a time when the fed is trying to slow it down so inflation isnt a permanent problem. >> were expecting another rate hike later this month. christine romans, well ta...

Get so cold its ice cold and its not. its not so for now the jobs market continues to chug along. i think the question is just when is inflation going to get back in line and what does the fed have to do to get it there? >> help us understand thats your role and youre doing just that, thank you so much, matt. i appreciate it. more good news amid the recession fears, this week the u.s. saw record-breaking holiday shopping, mortgage rates fell for a third straight week and prices at the pump, th...

Some states have dipped below $3 a gallon. whats driving them down? >> well, the recession fears are the biggest driver right now, jim. remember, its a global market, and oil is so sensitive to so many things. whats so interesting here is $3.45, the national average, think back to where we were on february 24th. $3.54. were now below what we saw when russia invaded ukraine and it causes these gas prices to go up and up and up. were hearing now from analysts is that things are really starting to ...

Faster and longer. however, there is no question when you look at these jobs numbers, you saw them, 2 63,000 unemployment rate 3.7%, the white house is making clear this is more evidence of a successful economic recovery, one that is nowhere near a recession and one that you have also picked up a level of confidence for a white house that has been battling various economic issues over the course of the first two years in office that they feel like they are in a very good place now, particularly ...

Still be here. it was like a sunday afternoon, wasnt it? and it wasjust, you know, we were just all going to go back to work and school the next day. ijust thought hed be out until probably it started to get dark. it was january 2021. around 3.45pm, there was a knock on the door. he was back sooner than i thought, thats what i thought. i opened the door and there was a kid that we knew and he just said what had happened and i thought, "did he just say ollys been stabbed?" olly had been stabbed j...

MANILA - Phoenix Fuel Masters rode on the hot hands of RJ Jazul to buck off a huge game from the returning Rey Nambatac and pip Rain or Shine (ROS) Elasto Painters, 106-102, in a PBA Philippine Cup Father's Day game at the Mall of Asia Arena in Pasay City. The Fuel Masters nearly lost an 18-point lead, but they prevailed in the end thanks partly to a huge dagger from Jazul. Phoenix was up, 63-45, at the start of the third quarter, but ROS stormed back later in the period and eventually cut t...

This week, 30-year fixed rate loans up 3.56%. up from 3.45 last week. its coming as investors prep for the federal reserve to raise interest rates multiple times. with us, a chief economist from the national association of realtors. lawrence, were so happy to have you. so, what is the trajectory, do you believe, of mortgage rates in 2022? >> well, morning. well, its been a spectacular year for housing in terms of both sales and price appreciation. record high. but this coming year, i think peopl...

>> bill: gas prices going nowhere but up. national average hovering $3.44. seven year high up from 8 cents a week ago. number of states with gas under $3 a gallon is zero. here to talk about it patrick, head of the petroleum analysis. you predicted six weeks ago we were headed this way. be the prognosticator now. where are we going next? >> i think we continue to go up from here. the national average last week at $3.45. were back at the level this morning. oil prices giving up a little ground. t...