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Costs. it's like, okay, yeah, we could drive another half hour, another hour, but it's like, we're paying $3.50 for gas. >> reporter: but gas prices are falling to a seven-week low, down 20 cents in michigan in the last month to $3.22 a gallon. and for these new small business owners, every cent counts. >> you have a budget that you have to stick to. >> reporter: this year, the couple launched their wood, furniture, and decor company, palomino and co out of their garage. but then the cost of lumber skyrocketed and resources became scarce. so they turned to their own bar. >> all of this used to...

Kelly o'grady has the details tonight from l.a. >> l.a. county is the first place in the nation to vote for phasing out oil production in unincorporated areas and so county officials are aiming to boost the growing reputation and address environmental impacts related to oil drilling. l.a.'s oil industry supports more than 10,000 jobs, half of which are affected by the shift. and industry leaders are also concerned about where l.a. will get oil if it is not from domestic production. >> we have been curtailing domestic production of our energy and instead relying more and more on imports. >> tha...

Steve: stay tuned for that thank you, jillian. oil prices climbing to highest level since 201 on tuesday. as opec ignores president biden's plea to ramp up production. the price of u.s. oil now sitting around $78 a barrel. driving up gas prices. and heating costs ahead of winter and less money in your pocket. here with reaction is fox business correspondent jackie deangelis. jackie, good morning to you. >> good morning to you. steve: wasn't that long ago we were number one in oil production under donald trump and now we are not number one. >> that's correct. we basically had ratcheted ourselve...

Negotiate, car prices will go up in the united states. number two, we may get a few more jobs in the united states and canada, higher wages, that could be a win, interestingly, we may stop producing some of the smaller cars, it will be too expensive to make in the united states. there is good and bad of what is coming from this. >> and wages, the average autowage is $22 in the united states. and mexico, $3.22. it is more likely that mexican wages would go up. and the u.s. would come down. chinese negotiations, and the president's threat to impose tariffs may start as well. particularly, it won...

Average of $3.22 -- i'm sorry, $2.32 a gallon. that's almost $1 cheaper per gallon. that's putting extra money in americans' pocket, more disposable income and more money to travel. >> talk about the relationship between holiday travel and the economy. if it's looking good right now, what does this say about q12015 and the rest of 2015? >> the economy is a big driver for aaa's forecast for the year-end holidays. what it's showing is people are feeling more confident about their economic future. that was causing more americans to plan a trip this year. it is a good sign as we're heading into th...