73 70 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> sandra: the prices the average american is paying up 16%. >> larry: more or less, that's correct. and you see it, look, grocery prices up about 20%, gasoline prices, ok, a perfect example of why the level matters. we are not as high as we were where it was $5 a gallon nationwide. but you know where we are, just short of 3.70. when donald trump in the last months, it was about $2. so -- >> sandra: and people don't like that, people are still not happy. >> larry: $2 is less than 3.70. >> sandra: direction in my ear -- >> larry: $2 gasoline in trump's remaining months lower than 3.70. i don't ...

Inflation reduction acted which you called a victory for the american people. core inflation is still at its highest level in four decades. polls show, as you know, that the economy is a top issue for colorado voters. so why isn't the inflation reduction act reducing inflation? >> well, because the elements of the inflation reduction act aren't going to kick in for a while, dana. the cap on drug prices for seniors and the requirement final, finally, overcame pharma of the requirement that medicare negotiate drug prices on behalf of the american people, capping insulin at $35 a month. these are...

To take a while to put in place. you're right, today gasoline is $3.70 a gallon. here in colorado a gallon of milk costs $4.20. that's really tough on people. i think one of the things i've been trying to explain to folks is that this is a global problem. canada has the same inflation that we have. the european -- ef rep country in europe has the same inflation we have. the uk does as well, india as well. we're facing broken global supply chains that we have to address and we're facing increases in energy prices because two years ago oil was at $20 a barrel, went to then putin invaded ukraine....

To $3.70. so the president has been very focused on pringing down oil and gasoline prices for american consumers. we'll continue to do that. but the trip, as you recall, the president said before the trip, during and after the trip it was not oil. that was about dual interests of the united states in the region. we wanted to strengthen the integration of trillion into the gulf and achieve the overflights over israel of a many years of trying to do that, moving iraq away from iran and to be more aligned with the gulf and to address several other strategic security concerns. that is why the pres...

Lowest level since 2020 on fears that more rate hikes by the fed could lead to a recession. inflation is the top concern for voters right at this moment. gas prices are down from the numbers you see here, but a 98-day streak of falling prices ended this week. they're not nearly as low as president biden led americans to believe on friday. >> gas prices, i know i got criticized for going to the stockpile. guess what? gas prices are down $1.30 a gallon. and in 41 states plus the district of columbia, the average gasoline price is less than $2.99. >> a fact checker daniel dale ran the numbers. th...