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That's not much. for the people in leavitt town where my mom lives 20 cents a gallon that's a lot. come on. >> you are looking at 3.53 the national average the price went up 17 cents right at 20 cents as you say but we also have the worst drought in, well. >> bill: a drought? does that mean that cars are sweating? >> actually, they are sweating. they are sweating about drought. are they they going to get the ethanol. 10% of the -- >> bill: you say because of the drought the corn is more expensive. >> that's right. >> these corn and ethanol and that's why the price is going up. that actually ma...

You because you are rich that's not much. for the people in leavitt town where my mom lives 20 cents a gallon that's a lot. come on. >> you are looking at 3.53 the national average the price went up 17 cents right at 20 cents as you say but we also have the worst drought in, well. >> bill: a drought? does that mean that cars are sweating? >> actually, they are sweating. they are sweating about drought. are they they going to get the ethanol. 10% of the -- >> bill: you say because of the drought the corn is more expensive. >> that's right. >> these corn and ethanol and that's why the price is g...

Up and get outside before collapsing. amazingly told we are told he is back at work after being treated at hospital and then released. meantime the driver of that car, police charged her with intoxication assault. basically they think she was driving drunk. she is out on $100,000 bond. jenna: wow!. jon: lucky guy. jenna: that's for sure. a "fox business alert" now impacting every driver and really every person in this country. americans feeling the biggest gas price increase for july in 12 years and the climb continuing into this month. according to aaa, national average for a gallon of regula...

Patti ann. patti ann: the federal reserve may try to give the economy another jolt. the nation's central bank releasing a statement saying it will quote, closely monitor the economy and provide additional accommodation as needed. investors say that means the fed may introduce stimulus measures last month if hiring doesn't pick up. that could mean a third round of bond buying known as quantitative easing. don't look now, gas prices jumping back up big time. the national average for a gallon of regular, 3.53. that is 20 cents higher than a month ago. that is the biggest one month jump in 12 ye...

All-time lows. freddie mac saying the rate for a 30-year mortgage is at 3.53%. while the rate for a 15-year is at 2.83%. so is now the right time to switch up your mortgage and how much will you really save? joining us from nashville, tennessee, is personal finance expert dave ramsey. good morning, to dave. >> good morning, how are you? >> anna: fantastic. you say that there's a huge difference between this 15 and 30 year mortgage and you say always go with the shorter. >> always go with the 15 year fix. the difference monthly is almost nothing and obviously we just saw the screen there that t...