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Emergencies, it was created in 1973, when we had the arab oil embargo that year. it is for emergencies and need to be filled up. we are about $80 bucks per barrel, fill it up now, it looks like the process will not begin until january. remember, january of 2021, 638 millions were in the spr. now 375 million. the idea, this was supposed to lower gas price, gas price today is $3.17 a gallon, this is a seasonal story, to be frank. we see higher gas price in summer, no new news to anybody out there and winter you see a drop. diesel is $4.68, you had republican lawmakers in june telling biden admin...

Wall street stock index futures are also mixed. that's the trend. stocks finishing the day mostly flat but the nasdaq dropped more than 2% on disappointing earnings from facebook's parent meta. rising mortgage rates slamming the brakes on the housing market. housing market down 17% from last year. gas prices held steady. now at $3.17 a gallon. wall street expecting the positive gdp report after two consecutive negative readings. joining me is mark ham rick. the economy likely grew 2%. looking forward, that's a rear-view mirror reading, looking forward your quarterly survey of economists find...

More expensive. the average cost of gas is $3.90. in june it was $5. a year ago it was $3.17. . it was in the $2 range when donald trump was in office. pete: the leftist already, down from $5 in june but still up $0.73 from a year ago. the business headline, they are saying because gas prices are down, even though they are overall up, americans got out $100 a month raise. this is some spin if i have heard it. the remainder of the story, at a gas station, think of it as $100 a month tax cut or $100 a month raise, the drop in gas prices turned into a form of economic stimulus when the federal re...

Bit of good news in the short-term for them. >> right now it is ridiculous at this time of moment. my husband being a truck driver, so right now he's paying, like, $600, $700 a gallon, you know, traveling back and forth. >> i'm glad the gas went down. it is making people feel a whole lot better. >> how much lower do you want it to go? >> i would say probably in the $2 range. about $2.50, $2.75, i think people would be satisfied. >> reporter: okay, $2.50 and $2.75, pretty unlikely. a year go we saw gas at $3.17 for a gallon of regular on average, though patrick duhan of gas buddy says we could ...

Gujarat has been experiencing incessant rainfall since the past one week during which more than 27,000 people have been evacuated.