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>> harris: many americans dealing with record high gas prices this holiday weekend. a.a.a. reporting spiked 32 cents this month largest increase in seven years. much of the increase happening overnight. just last night after nearly all u.s. oil production in the gulf came to a stand still because of hurricane isaac this week. production expected to get back to normal over the next few days. right now the national average for a gallon of regular $3.83 going into the final big travel weekend of the summer. let's get gerri willis from the fox business network on this now. who is feeling the most ...

Record high for this time of year. with many oil rigs and refineries closed along the gulf coast prices are expected to rise even more. right now the average cost is 3.83 up $0.22 from a year ago. >> the republican national convention closing with the benediction of timothy cardinal dolan. >> oh god of wisdom justice and might we ask your guidance for those who govern us and on those who would govern us. most of all, oh mighty god we thank you for the great gift of our beloved country, for we are one nation under god and in god we trust. cardinal dolan will be saying a prayer at the democrat...

Debt clock that ran during the three days of the rnc right behind me here in tampa. our nation's debt rapidly approaching $16 trillion and that's a lot of commas. next, 3.83. that's the average cost for a gallon of regular gas heading into the big labor day holiday weekend. prices are at a record high nationwide for this time of year. and finally, 125, that's how many students are now in hot water with harvard for allegedly cheating on a take home final exam. oh, come on. they're from harvard. they're accused of jointly coming up with the answers. final number? 78. the current temperature here...

Most impacted by isaac. white house press secretary jay carney telling reporters that president obama had planned that trip prior to knowing about mitt romney's trip to louisiana today. so he's canceling actually one of his campaign stops on monday, which was scheduled to be in ohio in order to go to louisiana. but this is going to be a very busy couple of days for president obama. he's going to be campaigning heavily during this holiday weekend. he'll be visiting a number of key battleground states, really building momentum to the run-up to the dnc and of course his all-important speech next ...

Homeowners -- refinancing act would allow millions, p 3 million might be at the low end of it because there are about 17 million homeowners who are locked in to fan write and freddie may mortgages where they can't refinance easily. and we want to take advantage of that historical low rate. 3.83% right now. and be able to allow a responsible homeowner, homeowner who has been keeping current on their mortgage to refinance. what we do is we take out a lot of the obstacles to refinancing. you know, have youing a second mortgage and you can't refinance. this allows to you do it. you have mortgage i...