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An exchange of ideas but he already has vowed to veto what could be one of the first bills that lands on his desk. that would be for construction of or approval of the keystone pipeline. the project is still being reviewed eye by the state department. the white house said it is not up to congress to circumvent that review. the president is expected to make a brief stop in detroit he will appear at an assembly plant to tout the economy's comeback until researchence in manufacturing. the plant was shut down this week because ford dealers have too many energy-efficient cars on their lots. the p...

Back to 3.70? >> not soon. supply is growing quickly. demand is growing slowly. you have a year or two of that. there are proposals around to have an accordion gas tax where gas prices are higher when gas prices are lower and lower when gas prices are higher. remember as wonderful a thing as low gas prices are, it encourages people to go back to buying suvs and other gas guzzling cars because they pay less for gas. >> huge cars. all right. thank you. >> like your truck. >> no. a pickup truck is different, right? >> it's different. >> right. >> sort of. >> speaking of oil -- >> you should talk....

Americans saving $250 million a day on less expensive gas. about $1,100 a year for the typical family. savings that can go to everything from food to travel to holiday gifts. >> a lot of motorists i've talked to said that the added income is going right under the christmas tree. >> reporter: it's also accelerating auto sales. november the strongest month in more than a decade. americans back to buying suvs. sales of the eight-passenger lincoln navigator up 88%. who are the losers? top oil producers like russia where vladimir putin says falling oil prices could shock the russian economy and sau...

Average hit another record high yesterday pushing closer to 18,000. >> lower gas prices and encouraging car sales are fueling the financial trend. here's abc's rebecca jarvis. >> reporter: the gift that keeps on giving. gas prices down for 68 straight days. eight states poised to see prices below $2. and we're already seeing the effects. november the strongest month for car sales in more than a decade. americans back to buying suvs. sales of the lincoln navigator up 88%. the chevy tahoe up 10%. even renewed interest in buying the used hummer h1 which gets about 9 miles to the gallon. americans...

The ultralow mortgage rates are they a thing of the past? >> it's looking that way. i mean most people, the general consensus, it will head up to about 5%. nobody knows when. we are seeing jumbo mortgage, those are the ones that -- a loan over 600,000 at comparable rates. so there is some tightening there. does it have an effect? this is interesting when there are significant spikes it suppresses loan applications by about 11% on a week over week basis. it does matter. interestingly, for people who are moving, it's less of a factor if you're moving after all you have to go somewhere and looks ...