65 70 News Today

Winter for too many americans. the cost of heating oil at an average of $5.70 a gallon last month. thats up 70% from the same time last year. the northeast is so short on oil supplies, fuel oil, that it is being rationed. fox business correspondent is live in new jersey. >> families will be paying a lot more to heat their home this winter. you look at home heating oil as an example. if a family bought their years worth of oil today they pay $2 thousand more than they would have last year. this i...

Stay warm, up 27 and 28%. two factors are driving the spike, the global market affected by russias war in ukraine and opecs plan to slash production of crude oil. the supply of heating oil in new england is about a third of where it typically is. still experts say that is not cause for concern. >> supply is tight. that is undeniable. we have enough fuel to supply peoples needs at this time. >> reporter: right now, the cost for a gallon of heating oil is about $5.70 per gallon. thats up more than...

>> reporter: across the board, energy costs are expected to be higher than last year. the federal government expects the biggest jumps for customers who use heating oil or natural gas to stay warm, up 27% and 28%. two factors are driving the spike. the global market affected by russias war in ukraine and opecs plan to slash production of crude oil. the supply of heating oil in new england is also about a third of where it typically is. >> we are operating right now at unacceptably low inventory ...

Difficult for buyers. >> we do not see prices decreasing much. if they do, interest rates are rising. the cost of money is going up. that means you will pay as much or nearly as much as you were, even if those prices go down. >> reporter: car, home and student loans are all higher. interest rates on a 30 year fixed mortgage have jumped from 2.93 to 5.70% in the last year. >> this is how it looks. >> he wishes his interest would have been lower, but says that was his need and want that motivated ...

Is up 35 bucks a week. >> can you believe? >> reporter: commuting to her housekeeping job at a las vegas hotel. >> i dont know when its going to stop. >> reporter: surging gas prices and inflation are eating up more of her salary. >> i need to cut so many expenses. it was my birthday, and i couldnt buy a purse. i mean, there are so many things. and it affects me emotionally, of course. >> reporter: at close to $5.70 a gallon, nevadans face the second steepest gas price in the country, well behin...

Elsas gas budget is up 35 bucks a week. >> can you believe? >> reporter: commuting to her housekeeping job at a las vegas hotel. >> i dont know when it is going to stop. >> reporter: surging gas prices and inflation are eating up more of her salary. >> i need to cut so many expenses. it was my birthday and i couldnt buy a purse. i mean, there are so many things. and it affect me emotionally, of course. >> reporter: at close to $5.70 a gallon, nevadaens face the second steepest gas price in the c...

Concerns. arguably, nowhere is the situation more dire than in the state of california, where fuel prices are among the highest in the country, averaging more than $5.70 a gallon, which is steep even for californians who are used to paying higher prices for gas. thats where we find nbcs scott cohn outside a gas station in san jose where the price of a gallon is almost $6 a gallon there. scott, there are some oil industry experts who are saying that prices have reached a peak at this point. what ...

Margins are so thin and with gasoline more than $5.70 a gallon in california, every trip to the pump is just pure agony. >> well, right now, like, yesterday. instead of being $100. now its $130. if i do that twice a week, not standing around most all day. usually all of these trucks are moving around. >> reporter: hamilton, if you add it up, nine trips to the gas station per month meaning hes paying almost $300 more per month, and a big problem here in california is this it gas tax. what can the...

More than 15.70 crore balance and unutilized COVID-19 vaccine doses are still available with the states and Union Territories (UTs), said the Union Ministry of Health and Family Welfare on Tuesday.

The Confederation of Indian Industry (CII) and Boston Consulting Group (BCG) have unveiled the flagship report of the media and entertainment sector titled, Blockbuster Script for the New Decade: Way Forward for Indian Media and Entertainment Industry.