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women this memorial day. the president laid a wreath at the tomb of the unknowns and he speaks later this hour at the vietnam veterans memorial. romney taking part in a tribute at the veterans museum and memorial center in san diego. senator john mccain is also appearing with him. i want to bring in dana bash who has more on this live. we expect to hear from mitt romney at this event that's getting under way. what do we think the message is going to be today? >> reporter: well, according to romney aides, suzanne, he's going to focus as much as he can on the whole concept of the falle...

newt gingrich takes south carolina. >> we proved here in south carolina that people power with the right ideas beats big money, and with your help, we're going to prove it again in florida. >> the former house speaker says he may not have the money, but he can take on mitt romney. we'll take you live to south carolina for the post-primary analysis. despite false reports swirling on social media, former penn state coach joe paterno is alive, but in serious condition. students lit candles in his support. we will take you live to penn state. and search and rescue teams continue work...

>> shepard: i'm shepard smith. this is the fox report. it's the bottom of the hour, time for the top of the news. the price of oil retreated slightly today. little consolation to the millions of drivers dealing with skyrocketing gas prices. the average for a gallon of regular hit $3.52 a day, up 15 cents in the last week. up 40 cents in the last month. now some lawmakers are pushing the white house to open the country's strategic oil reserves to help keep prices in check. but several analysts are now arguing that's not a solution. not even in the short-term. peter barnes on the top story at th...