flourish now in pakistan. greg talcott, thank you. well, it s hard not to notice that gas prices are continuing to fall. now less than $2 per gallon in some states. the national average for regular gas right now is $2.52, that s down from the average of $2.89 a month ago and $3.22 last year at this very time. but while this may not may bring joy to drivers, it does come with bad news. the u.s. energy department has reportedly lost nearly $35 billion since june, that s thanks to the drop in the value of its strategic petroleum reserve. mideast stock prices also tanking, and the international energy agency has warned that low oil prices could spark global unrest. there is even concern that falling gas prices could put the keystone pipeline at risk and, of course, when it s about the bottom line, we re going to turn to ms. money. [laughter] i think this is a good thing, because when you re spending less at the pump, psychologically, you re going to buy more stuff which could be
investors to help rebuild its business after two disasters in six months. well, despite global tensions and intensifying violence, gas prices are dropping across the country. the average price for a gallon of gas is now $3.52 nationwide. that s down 16 cents from last month. fuel prices and oil markets are operating normally, and americans are noticing as gas prices have been down 24 days in a row well, your smartphone may be your next hotel room key. this week hilton is introducing new technology that allows guests to pick specific rooms and then open the doors to these rooms. hilton guests can already check in and use their phones. choosing a room will be available by the end of the summer, but using your phone as a room key will actually start next year. that s the feature i m most excited about. you know, there s nothing worse after a long travel day than waiting in line to get those keys, you know. i m not for it. i mean, i still hate the magnetic ones that you put up and
prices across the country. national average is 3.$67. a month ago it was $3.52. that is nothing compared to someplaces in california. gas prices in the golden state have gone up every day for the past month, reaching an average of $4.22 a gallon. stuart varney, host of varney & company on the fox business network. stuart, good morning to you on this easter monday. it smells that time of year. what is going on? it smells like $4 gasoline as a national afterrage is a distinct possibility this summer. you pointed out a surge in gasoline prices. the price of gas regular has gone up almost over single day for the last month and we don t see that very often. we reached 3.67 as the national average now, only 33 cents a way from the $4 level. at $4, that s where economists say we pick up our attention.
say they have taken control of most of an upscale mall where 68 people have been attacked by al qaeda plilmilitants. in colorado, flooding is down to six from 60 earlier today. flooding killed at least seven people. gas is down to $3.52. back to lock up . due to mature subject matter, viewer discretion is advised. i don t know what else you want. this is it. this is life. okay? you know, you ve got your cell, you ve got this, and the yard. that s all there is. there s nothing else. come out, go to a table, play chess, get on the phone, get a drink of water, and that s it. prison consists of nothing else. inside the cell, a couple hours, maybe in the day room, a couple hours maybe in the yard. and that s it, day after day after day after day after day after day after day.
steve: if you have a car and you re on your way to work, school or some place, buy gas today. why? because tomorrow it is going to cost you a lot more. why? let s turn to that guy, stuart varney varney. what s up? it is going to cost a lot more. we re at the start of a spike. the price of gasoline is going straight up. a lot of analysts are saying it is going to go up between 10 and 20 cents a gallon in the next few days. the reason is the price of oil is going straight up, and the reason for that is egypt. chaos in egypt. the suez canal is in the middle of egypt, and the suez canal is threatened by this chaos in the political situation there, and oil goes through the suez canal. so up goes the price when the suez canal is threatened. al qaeda camps have been located in the desert near the suez canal, so now we have the price of oil at $107 a barrel, and gasoline today is up nearly 2 cents a gallon at $3.52.