harvey is a reminder of why it is important to have smaller data and smaller deficits to better handle emergencies like this. molly, leland, back to you. molly: we appreciate it. leland: as americans hit the road for the holiday weekend, everyone will see the effects of harvey as they fill up their tanks. at least two major oil pipelines have been slowed or stopped because of flooding and damage from harvey. a number of the refineries on the gulf coast are off-line. the current national price for a gallon of gas is $2.52. that s up $0.17 from the average about a week ago. an oil freighter, senior market analyst, also a fox business contributor joins us from the trading floor on what this means going forward. normally a trading floor on a
didn t do anything wrong and i have clearly done something wrong that can lead to misunderstandings, indictments. he s got to worry about that, even if he didn t do something wrong. just to make sure we don t sell anybody s names here, there have been confirmations, no allegations that have been proved against michael flynn. or paul manafort or don, jr. there may not be. we re talking about leaks and ideas. i do remember over and over them saying no progress in russia, never, not even thinking about it. which tower? there was one that was build in new york and not in russia. so confusing. always great to see you, thank you. the impact of harvey is going to be felt nationwide this labor day weekend. it s a big driving weekend. aaa reports the national average for regular gas is 2$2.52.
catching them off guard. all these people getting gas, there wasn t a moment to replenish the fly. rereality is three s plenty of supply. the just sitting at the refineries and it can t get out because the refiners are shut down. this is also causing a price spike. not just here in texas, where we saw a .17 cent ricse. now sitting at $2.52. that s the average. you re seeing some states like north carolina up $ .27 a week. and here s the thing. this may continue a lot longer than we first expected because thee remine fineries may take a wile to get back on line. one said we could see national average sit $2.75 real soon. all right. people waiting in line to get their gas.
prices. so is our own tom costello in beth bethesda, maryland, with more. we re seeing pump prices jumping across the country. in some places overnight jumping by 20, 30, 50 cents a gallon. right here, this is actually the national average. look in red, $2.52 a gallon is the national average. we just happen to be at a pump where they are displaying that price. that s up 16 cents in just a week or so. so, we are seeing pump prices jumping across the country. as you mention, a lot of americans about to hit the road. just in time for the labor day weekend, higher prices at the pump could be coming to a gas station near you. after the nation s largest fuel transporter colonel pipeline announced it has temporarily shut down its major east coast pipeline all because of hurricane harvey s devastation. the situation is so bad right now that even once things do start moving, we re still talking about possible shortages for the next week or two.
poor people than healthy people. there s less available credit with caps and some won t get hit by these. the average transition is $60 and to charge $4.52 is not right. i am trying to think of the verse in there about atm s. i remember when you could not get cash on the weekend. atm s is not a right, atm s is a cost of doing business for the consumer and the bank. likely we still live in a system and we may not for long if john is the king. for now we live in it and consumers largely will go some place us and stores are charging for milk. i hear you jonas after people