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When would this new drilling start. >> reporter: gas prices go up, polls go down, politicians act. a pretty strong correlation, my statistics professor back in college might have said. and so now members of congress, republicans, now the president trying to increase domestic production even while both sides agree, in the president's words, there is no silver bull tote bring down that price of gas in the short term. they're just going to have to rely on regular market fluctuations. the price of gas now $3.98 a gallon. republicans in the house passed bills to encourage more domestic production, ...

Intended it to be a smear campaign. google not commenting on the attack by facebook. gas prices down slightly this morning. according to aaa the national average for a gallon of regular is now $3.98 a gallon. gas prices are still having an effect on your everyday purchases. according to a study by america's research group half of americans are cutting back on small luxuries like eating out, a third are making fewer shopping trips and more drivers are dichg the car, opting to ride the rails instead. in miami, ridership is up 12% and in new mexico, 14% more people are taking the train from al ...

Even if corwin wins but it's close, it could be seen for victory for democrats planning to run on medicare platform. the special election is 11 days away. >> rick leventhal live in buffalo. thank you. stocks ended the week on a low note. s&p 500 dropped 11. nasdaq gave back 34-1/2. price of oil settled at $99.96 a barrel. up 68 cents overnight. the prices at the pump held steady at $398 a gallon. -- $3.98 a gallon. certain political donations are coming under scrutiny by the i.r.s. as the 2012 election cycle gets underway. correspondent james rosen has that story. there fox news confirmed th...

Time convincing the american people that a unicorn just flew in the hearing room than the big oil companies need taxpayer subsidiaries. >> despite current debate, few businesses pay more in taxes than the gas companies. we are ready to invest. not a question of looking for incentives. pus us back to work. open up, give us access to the land. put our people back to work. >> we have over 400 leases in alaska that are sitting idle waiting for permission to move forward. >> as gasoline prices hover around $4. $3.98 at this point. they invited the ceos to congress. they are trying to take away ince...

And it's going to be 71 in raleigh-durham, north carolina. >> that was quick. drivers are still getting squeezed at the pump. the price of a gallon of regular gas is $3.98 right now. >> oil futures fell sharply. is the government doing the right thing? >> the government hates oil. hates oil companies. and yet, they've done absolutely nothing to bring down the price of gas. and you are going to see the price of gas come down in the next couple of days. >> why? >> ok, we -- we did it. we americans. we drivers, we did it because we're driving a whole lot less. we're using a whole lot less gasolin...