Page 7 - 53 35 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Of gas down to 3.35 a gallon. that is still high, but it's actually a seven-week low, down from 3.42 a month okay and that's for two big reasons. one, the u.s.-led intervention in energy markets really stopped the oil rally in its tracks. the president announced the biggest ever release of emergency barrels from the strategic petroleum reserve. really more of a band-aid than a long-term fix but it has cooled prices off. the other factor is more ominous here and those omicron. you know, initially there were a lot of fears on wall street that this would really slow down energy demand. the good n...

Oil from the nation's strategic petroleum reserve. by the time that break the glass moment actually happened, oil prices were down by 10% fromme their peak and that has started to trickle down to gasoline prices which move with the lag. the national average down to $3.35 a gallon. that is not cheap, but it is a seven-week low and it is moving in the right direction. the other big factor here is covid. fears about omicron really sent oil prices crashing after thanksgiving. there were really big worries about what that would do to the economy. thankfully some of those covid fears have started to...

This week's thanksgiving travel could be the busiest since the pandemic with aaa predicting some 53 million people out and about but there may be some bumps ahead as gat prices hit highs not seen in seven years. joining me now from tampa is nbc's stephanie stanton. stephanie, big welcome to you. what are the travelers saying about the high gas prices this holiday season? >> reporter: yeah, good afternoon to you, alex. well, naturally, as you might imagine, they are not happy about it. however, even though gas prices are hovering around seven-year highs, officials say it doesn't seem to be putt...

About these gas prices. however, aaa says the gas prices themselves are not really putting a damper on holiday travel. here in the state of florida, we are seeing the highest gas prices of the year. we are up about $1.33 from where we were last year. the average price across the sunshine state, $3.35. that is slightly lower than the national average of about $3.42. it is a lot lower than what we are seeing in places like california, as you mentioned. california, the average price there in the golden state, $4.70. it is a staggering number, and in some places, they are seeing gasoline even $6 a...

Is bizarre to me. there's lots of reasons why youngkin won. i think to me, that is the most salient reason and least kind of mysterious. >> senator, to you. terry mcauliffe brought in the cavalry. brought in president biden and vice president harris, former president obama. how much of that matters when gas is 3.35 a gallon or when beef is up double digit percentages over a month or last four weeks or so? getting to those, in some cases, quite literal, kitchen table issue that is we didn't hear from him. >> as tip o'neill said, all politics is local. and i think a lot of people brought in to t...