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Flooding in the deep south on our website, foxnews.com/weather. you'll find maps showing the flooded areas as well as the latest stories from our correspondents up and down the river. again, it's at our website, foxnews.com/weather. we'll have more on this historic flood from vicksburg coming up inside this newscast, but first aaa is now reporting that the national average for regular unleaded has gone down. we're at $3.94 a gallon, stabilizing, a little more than a year after the horrible oil spill in gulf of mexico. jonathan robert is on a rig there 150 miles offshore. >> shep, you're lookin...

At $4 a gallon where you live, they probably will be soon. right now, the average price for gal listen of regular is $3.94. but what is really causing the spike? economist steve moore says we can blame the weak dollar and is here to explain why. >> will you tell me where i can fill up at $3.94 a gallon? i paid $4.19 yesterday. >> shannon: absolutely. we think this is about supply and demand. you say this is more complicated and you have much more to do with the value of the dollar. >> a lot is supply and demand. these are the countries that supply the world's oil. every time we have turmoil in...

Here's bad news. gas prices jumped another penny today, creeping towards $4. the national average for a gallon of gas is $3.94, up from a month ago. and if you compare it to last year, fuel is costing more than a buck more per gallon, making the prices hard to swallow are the profit reports for oil companies. look at the numbers. exxon making more than $10 billion. and then that's in the wake of the gulf oil disaster last year. here with me now, senior analysts, good morning to you. >> good morning, alex. >> a lot of people look at the numbers and say, come on, big oil is to blame for these hi...

Everything else that deals with expenses at companies and on a personal level. >> maybe you're beginning to see that the price of gasoline moved up again overnight. the national average is now $3.94 for regular. most americans are paying $4 and up. we're already seeing the impact on the overall economy. we're saving less money. what we used to save is going to the gas pump. we're buying a lot more, 30 miles per gallon plus, small gas-powered cars. if you want to see overall impact on the economy on high gas prices wait until form morning when we get the overall jobless picture and the unemploy...

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