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Narcotic is. i mean, the unemployment rate is down, wages are up, and people feel so good about their prospects to get a better job that they're quitting at near record paces. one other point, though, is that this is contributing to inflation because companies are facing much higher labor costs, and they are passing along some of those expenses to consumers. >> what's happening with gas prices? >> gas prices are ticking lower. the national average is down to $3.34 a gallon. that's not cheap but it is a seven-week low. i think the better news is that there's some forecasts out there calling for...

Production is sending natural gas prices lower. now down about 40% from their october peak. at the same time, your other gas bill, the one at the pump, is also stabilizing. after a relentless crime, recent drops in crude oil prices, they're translating now at the pump. the average per gallon is at a seven-week low, 3.34 per gallon. down about a nickel in just the past few weeks. cooling energy costs if they last offer critical relief for household budgets. we're going to get another read on inflation later this week, but in terms of just that real feel indicator of driving your car or heating ...

Welcome to our viewers in the united states and around the world. it is wednesday, december 8th. i'm brianna keilar along with john berman. we are beginning with breaking news. a potent antidote for inflation. gas prices are going down, dropping to $3.34 a gallon nationwide. many of them predicting below $3 a gallon in 2022. >> but, wait, there's more. remember all the talk of skyrocketing heating costs for the winter, they are also dropping dramatically. right to chief business correspondent christine romans with all of this. the numbers dropping significantly, romans. . >> absolutely. it's w...

This is based on projections that global oil production will increase faster than demand. that's a reversal of the past 18 months. and the report says the emergence of omicron and new travel restrictions could dent consumption. it is currently at a seven-week low. $3.34 a gallon. recent drops in crude oil prices are showing up at the pump finally. oil prices crashed over concerns omicron could derail energy demand. meanwhile, dire predictions of sky-high home heating costs may not come true this winter after all. warm temperatures and rising production there is sending natural gas prices lower...

Tonight, gas buddy showing the average cost falling to $3.34 a gallon. the lowest in seven weeks. prices expected to continue to drop. when we come back, the heroes, the veterans now 99 and 101, back in pearl harbor. and their message for all of us. ♪ helping them discover their dreams is one of the best parts of being a parent. one of the most important is giving them ways to fulfill them. for over 150 years, generations have trusted the strength and stability of pacific life. because life insurance can help protect and provide for the financial futures of the ones we love. talk to a fina...