Gallon Increase News Today

and rina shah, a political strategist and former republican aide. a powerful earthquake has killed at least 1,000 people and injured 1,500 in eastern afghanistan. it is the deadliest earthquake in the country in two decades and a major challenge for the taliban, the islamist movement which regained power last year after the western—backed government collapsed. the quake hit near the pakitsan border, with tremors felt as far away as india. the extent of the damage is still emerging �...

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Its being felt all over the country. get to cnns john harwood live at the white house. john, this has been anticipated. its been looked forward to. its going to be announced. what have you learned about that announcement from biden? >> reporter: i jumped off a conference call in which administration officials were outlining what the president is going to announce in a couple of hours. its a fascinating announcement that illustrates the fine line the administration is trying to walk. on the one h...

People. you may like to fill your truck up with diesel but guess what, its all going to be better under the new way of doing commerce and fueling vehicles and youve just got to listen up. weve got a tax incentive, electric cars and so forth. you see whats happening in france. people are rejecting it. theres a lot going on in france beyond that, but thats part of this. costs real money and people dont want to open up their wallets. >> it hits the middle class the most. the thing thats amazing abo...

Richmond hills, they have me out of here in days i bet. he bet wrong police say they have enough evidence to put mark leonard away for a very long time. shep? >> shepard: trace gallagher in los angeles tonight. an international organization claims that american drivers should pay more for gas. this comes as triple a reports a gallon of regular here in the united states averages about 27 cents cheaper than the same time last year the group making this demand is imf international monetary fund it ...

Price of fuel oil is going to be high. maybe youre better off taking a train. maybe there might be something that you could do a bus thing with. be smart, look around. do some homework. i think you will still be able to have a great summer. >> arthel: when can we see the prices get lower and will it be long lasting? >> it is a great question. i like this topic if we go back arthel, to 2008 when gas was $4.03, coming off about a dollar a gallon increase over the year before. by the summer of 2009...

Two years. some say it could get higher. most driven by fear over fundament fundamentals. some of those fears were placated by opec coming out saying they would step in if the situation does get worse. that is changing the tune for them. before they said no way. remember aside from the suez canal which is a major shipping artery, egypt is not a major oil producer. what perspective does it mean for you and i? oil prices jumped 10 bucks, a 25 cent a gallon increase in gas prices. that could cost 2...

Would you favor increasing the gas tax? >> i dont favor increasing any tax. we have to look at all of the options. we obviously have a big democrat that to meet the highway bill expires at the end of may and there are $100 billion if a shortfall over what it takes to fund the highway trust fund at current level of operation. obviously we have to deal with that. in are a number ways to deal with that and those discussions continue and we will get to a resolution on that but it is important we fun...