the school says it did not have a choice in closing down. but that this is what is needed. this is what they will do. sandra. sandra: just a bigger and bigger story each and every day paired there are more and more refugees. so many of those countries taking in so many of them. alex hogan, thank you. you can join fox news and donating to the red cross to help. visit redcross.org/fox forward paired so far you have helped us raise over $10 million. donations help get resources to the people that needed they are still in ukraine. those who have been forced to flee their homes. bill: awesome. $10 million and counting. 3 minutes of trade. down before it open. right now we are trading lower. about 173. were seeing where it goes today. do not expect relief at the pump anytime soon. oil prices jumped to more than a hundred dollars a barrel. right now, sitting at about one oh three. galina gaskell $4.28. this is far left democrats urge the president to use his executive action to push a gre
drivers hoping to see a bit of relief at the ga pump seeing just that, the national average for a gallon of gasoline dropping 3 cents from last week to $4.28, that is still way up from last month when you remember oil prices $130 a barrel in there are forecast fo inflation to move even higher. fox news is is live in philadelphia. he s got the latest there. everybody want some relief. oil again today, for $100 a barrel on the futures market. but loyal terminal where oil is in storage, we have a break on oil prices yesterday some because of that storage reports yesterday, we expected to have the big drawdown of crude oil b
into lower prices as we close out 2022. still at the end of 2022 we are still talking about prices that may not get under that $3 mark. julie: right now the average for a regular gallon of gas is $3.28. more than a dollar a gallon more expensive than this time last year. i don t really know what to make of this but i do not see 2022 starting on a very positive note. that s the last thing that administration wants. i would think so. it would make you wonder, julie, why wouldn t the administration look at what we just laid out which is so obvious to everyone, too much demand, not enough supply. let s focus in on how to create more supply. that s what is generating all this. i still say that the supply problem, the supply chain is
to give right away. - [alec] big or small, your gift helps us all. - [both] thank you. (giggling) how bizarre by omc no annual fee on any discover card. tonight, gas prices projected to reach nearly $4 a gallon by memorial day. that s according to a new forecast from gas buddy shared exclusively with cnn. today, the average price of gas, $3.28. up an astonishing 46% from this time a year ago when the average price was $2.25. let me bring in patrick dehon, head of petroleum analysis for gas wbuddy. good evening, thank you so much for being with me. the president just leesed all
prices to rise next year. they see a 2022 average of $3.41 a gallon, up from around $3 this year. they think gas prices are going to peak in may at $3.79 a gallon, essentially right as everyone is heading out for the summer, memorial day weekend, we could be seeing gas prices flirting with $4 a gallon before they fall sharply later in the year. now, this would unwind some of the recent progress we ve seen on the gas front. the national average is currently $3.28 a gallon. that s not cheap. it s up by about a dollar from a year ago. but it is down 14 cents from the peak we saw in early november. we should note, there is a lot of uncertainty here. others are calling for gas prices to drop. citi group has predicted and warned their clients there s going to be what they called a, quote, radical drop in energy prices. the energy department s research arm is calling for an average of $2.88 a gallon next year.