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Now at an average of $4.03 a gallon, nearing that $4 a gallon mark for the first time in months. and down from a peak of $5.02 in june. cnn chief business correspondent christine romans is with us now. more than 55 days of gas prices dropping in fact. will this continue? >> half the states are below $4 a gallon. i think youll see that $4 national average in the next day or two. look, $4.03 a gallon down from $4.70 a month ago, but still above where it was a year ago. but well off that peak of $5...

Some states in -- they have way overshot where the american people are on this issue. and the polling has certainly shown that we have seen republican voting intention drop. we have seen democrats pick up in certain key races and key states. i think this is had a political impact that they got what they wanted in their heart of hearts, but you know, i you can eat a steak three times a day. but it will not be good for me. >> gas prices have gone down this week after a record high in june. aaa say...

Democrats and 41% looking at republicans. what the supreme court has done to turn the clock back for women, that is on peoples mind. were talking about the economy and inflation right now. the other issue that is top of mind for voters is abortion rights. and the supreme court has turned the clock back and states are -- some states like texas, mississippi and so many others are turning that clock back, voters will remember that. >> and theyre also thinking about gas prices. >> absolutely. >> it ...

Yet. but for the moment, it looks as though the jobs landscape is holding up. i think its too early to tell the. im not catastrophic on the spectrum of expecting a recession, but im growing cautious at the end of the day. neil: all right. and we are looking at the market friday. throughout the week we had a very strong week for all the major markets with the nasdaq up about 4.5%, about 1% for the dow. gary, you know, the markets are probably confused by all of this. are you, or is it a tale of t...

In ohio, its $4.70. probably why nearly six in ten ohioans disapprove of the job mr. biden is doing. fairly good bet by the top two democrats running for statewide office in this years elections, the senate know many tim ryan, gubernatorial nominee were too busy to campaign alongside the president today. scheduling conflicts, they said. this is "the wall street journal" tonight reports that red states are winning the post-pandemic economic battle. adding printer 41,000 jobs over that time while ...

Several states now with gas prices at more than $5 a gallon. in fact, the average price now nationwide a record $4.70. so, what to expect in the coming summer weeks and then beyond. and then the eye-opening acknowledgement tonight on inflation. treasury secretary janet yellen saying she was wrong on inflation, that she didnt fully understand the risks. abcs kaylee hartung in california tonight. >> reporter: tonight, this gas station sign showing $8 a gallon. a literal sign of the times. >> this ...

I want to play from you, we heard from members of the senate along with spokeswoman at the white house talking about why these gas prices are so high. take a listen and i want to get your reaction. >> as the president had said, president putins actions are what is driving the price increase at the pump. the president is focused on doing everything in his power to address the putin price hike. >> you can thank the activity of vladimir putin for invading ukraine and pulling-- >> with all due respe...

Price is lower. the national average at $4.70 is the highest its been so that cuts into consumer spending. it does appear from target and walmart people are buying luggage so theyre planning to take summer vacate nations and so theyre planning to fly rather than drive. essentials are important. so food has been purchased in more bulk and basic goods and services over consumer electronics, for instance. those things are being substituted by consumers. so, its kind of typical, you know, end of cyc...

Posed to blame the omicron variant and the tight oil supply. the most expensive is california, $4.72 a gallon. hawaii, $4.49. washington, nevada and oregon all up over $3.90. >> its bad. we go from maybe $3.50 to $4 up a up to $4.70. >> aaa says theres no signs of relief expecting the trend to hold. keep in mind the warmer weather and the increase in demand over the summer. sandra? >> martha: thanks, molly. now to edward lawrence. weve been pressing the white house for some answers on how this p...

Any sort for 70 years. thats not true. and for employing, "word salads in response to questions." she did that. still, the white house might argue leaving her here in washington with all thats happening in europe might look even worse than sending her there. its not an easy call and apparently a fairly tough one for this white house, shannon. >> shannon: weve had her, the secretary of state, secretary of defense and now the possible conversations of some kind between the two presidents as this t...