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in a different location and then ditched their car in a pond. the marion county sheriff's office says that they will push to charge all three juvenile suspects as adults. arthel? arthel: brace yourself. experts warn gas prices could rise in time for the busy summer travel season. now, this is after saudi arabia and other oil producers announce surprise production cuts. according to aaa, today's national gas price average hitting $3.90, that's up -- 3th 60, that's up 10 cents from just last week. so what can we expect as we head into the peak driving season? bringing in gary kaltbaum, fox news contributor. gary, surprise cuts? this happens every year before summer road travel and road trips. so what is saudi arabia up to the? why are they cutting production now? >> yeah, opec was determined to get prices higher.
should be quite optimistic, higherwages, lower should be quite optimistic, higher wages, lower prices will boost consumption but inevitably we are heading for recession caused by higher interest rates.— recession caused by higher interest rates. thank you so much and — interest rates. thank you so much and we _ interest rates. thank you so much and we will _ interest rates. thank you so much and we will keep - interest rates. thank you so much and we will keep an . interest rates. thank you so i much and we will keep an eye interest rates. thank you so - much and we will keep an eye on the data to see how germany is faring. let's now focus on the price of oil which is headed higher today following the surprise production cuts by 0pec, at the start of the week. oil has been climbing throughout this week. let's take a look. joining me now is craig erlam, senior market analyst, 0anda. good morning. talk us through the price of oil because everyone keeps a close eye on it and it has such a big impact on inflation on most economies?
think of that breakdown of those numbers and that paul? wall street brushes off inflationary fears after a global oil cartel announced surprise production cuts. plus, we check out an app in india designed in part to help those in remote areas access welfare schemes. hello and welcome to asia business report. i'm karishma vaswani. wall street closed broadly higher overnight despite concerns from the oil cartel to cut oil out, stoking fears of