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.
will not see a penny in taxes raised, you will see your standard of living go up and your cost down. that angry pirate is your president. i am emily compagno. here today my cohost, kayleigh mcenany, host of kennedy on fox business kennedy. fox news correspondent, julie turner, and in the sunny seed, julie banderas. the supply crisis leaving store shelves empty. it s not just about what is available, it is the price too. the cost of turkey per pound is up 6.2% from last year. bone-in ribeye steak is nearly 30% more expensive, and veal is up 83.6%. thanksgiving will cost more, the national average gap price was at $3.41 last week. and almost 61% increase from
regular, $3.41 nationwide. it s only down about $1.30 from where we were last year. this is a seven-year high when you compare this number from where we were during the levels thanksgiving of 2020. the bottom line is the traffic is back and so is the expense, and aaa predicts people will simply just swallow the cost and still travel in spite of all these challenges in front of them. a lot more confidence, people are feeling better about traveling. and no matter what the gas prices are and they are quite a bit higher than last year, people are still going to take that trip. reporter: aaa anticipates significant delays general throughout the country starting this afternoon. the worst times to travel, between noon and 8:00 p.m. according to aaa. the best time they re going to have to wait till after 9:00 p.m. tonight. the maryland transportation authority, which is responsible for this stretch of i-95 here at
recognise this doesn t happen right away. the barrels don t start coming untiljanuary. but as part of the strategy, they needed to deliver on the spr release then signalling for a few weeks now. if they hadn t delivered on that, the presses would have gone back probably to where they were at the end of october. this is an important piece of the strategy and yes, they actually do have the wind. it is unfortunate that prices did come back up a little bit today. it doesn t look as good a win as it probably really is. interesting that the price probably really is. interesting that the price of probably really is. interesting that the price of a probably really is. interesting that the price of a gallon - probably really is. interesting that the price of a gallon of. that the price of a gallon of gas is around $3.41 at the moment. thank you very much. thank you. stay with us on bbc news. still to come: the underground trade in gases harmful to the earth. we have a special bbc report i
for wrinkles results in one week. neutrogena®. for people with skin. we re carvana, the company who invented car vending machines and buying a car 100% online. now we ve created a brand-new way for you to sell your car. whether it s a year old or a few years old. we wanna buy your car. so go to carvana and enter your license plate answer a few questions. and our techno wizardry calculates your car s value and gives you a real offer in seconds. when you re ready, we ll come to you, pay you on the spot and pick up your car, that s it. so ditch the old way of selling your car, and say hello to the new way at carvana. tonight, cnn learning that president biden hopes to announce his decision to release oil from the strategic petroleum reserve tomorrow during a speech at the white house. the reason? gas prices. it is plain and simple. right now, the national average for a gallon of gas is $3.41.