Page 13 - 13 40 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hours -- americans. right now the price at the pump is averaging $3.40 a gallon. shannon petty piece joins me from the white house. so the president expected to speak this afternoon. what >> they are blaming these high gas prices on a miss match between the supply being put out, and the demand that has been surging as the global economy starts coming back online during the pandemic, and they said to start bridging this divide, the supply, and meeting the demand, they're releasing 15 million barrels from a strategic reserve. it is mostly reserved for emergencied like a hurricane or if a pipelin...

On prices in the short and medium—term. our expectation is that it will have a short term effect on prices. as a matter of fact, we already see that today, the international benchmark is up $1.20 — so it's up 1.5% already. so it looks like the spr news was already priced in the market. here are the numbers on us petrol prices. according to the american automobile assocation, the average price for a gallon of petrol is $3.40. in states such as pennsylvania, california, and nevada, the price is higher. to put this in perspective, a year ago, that figure was $2.11— so over a 50% rise. let's...

Confirmed that their shelves be well stocked in stores this holiday season. moms and dads worried about whether their christmas gifts will be a available. because from everything from bicycles to ice skates. i want to address another challenge. their loan they are more focused on. high gas prices. this is a problem, not just hear the united states and around the world. the price of gasoline has reached record levels recently in europe and asia. in france at the end of the last month, they reached about $7 per gallon. in japan it's about $5.50 per gallon. the highest it's been in years. of cour...

And rather than saying, well, i can't really do very much, he's saying, you're right, i can do something but i think he's overpromising by pledging gas prices are going to go down, other price increases are going to go down when he doesn't have a magic wand he can wave. >> i just want to quickly show, matt, what gas prices have looked like in the past three or four years because if you -- let me pull up this graphic for a second. the red line is where we are, okay? yes, it's the highest it's been in years at $3.40. but if you look back, the green line is 2019. the yellow line is 2018. you know...

By car. even with these gas prices, it appears the president will provide relief in the months ahead. it won't affect the immediate price of gas. $3.40 national average. that's up $1.25 from last year. if you have a toyota camry, for instance, katy, you're a family of four and you're traveling to see the grandparents. it's going to cost you $75 to fill up your tank. that's a heck of a lot of money. then you go to the shelves to buy a turkey, some food, wine or beer. despite the method the president is taking right now, people say it's too high. let's take a look at the folks i was speaking to ...