start today with a free one-on-one review of your retirement plan. i m hampton pearson with your cnbc mark wrap. the dow up 19 points. the s&p adding two. the nasdaq gaining seven points. modest gains if retail sales last month as americans spent more on cars but cut back on other goods. retail sales edging up .4% in june. citigroup posting big gains in the second quarter. profits jumping 42% from a year ago. feeling the pinch at the pump? the average price for a gallon of gas up 14 cents from last week to $3.61. that s it from cnbc, first in business worldwide. now back to hardball.
ig report had been leaked through the press. it is unclear if they will resign in the irs in the days to come. but they will be keeping an eye on the hearing today. thanks, patti ann? thanks, heather. now to stories you can bank on this morning. a roller-coaster for gas prices. joining us from fox business network is lauren simonetti. gas prices started the year at 3.29 a gallon. today your national average is $3.61 a gallon. this past month it s up $0.08 alone. one of the reasons we see the spike it has nothing to do with supply. four different refineries in illinois, tulsa, oklahoma and el dorado, kansas causing some states to see huge spikes. in minneapolis record prices there up $0.59 in the past month. milwaukee and cincinnati gas prices rising by $0.35 heading
bill and hillary still very much active in politics. 20 years later, perhaps 2016 if you believe the pundits, may be hillary s term. he beat george h.w. and ross perot and wound up on the cover of people as person of the year. bill clinton was their person of the year. remember ross perot running for office? cover of times. times person of the year. bill clinton. that was a good time for everybody, too. and also some numbers are telling. this will put everything in perspective. this is what we were paying for gas $1.05. milk was $2.78. bacon which is right in my comfort zone, $1.92 per pound and the average price of a car was just under $17,000 compared to right now about $30,000 we re paying. we re paying $3.50 for gas and $4.61 for bacon. $4.61. $1.92 to $4.61. look at the difference in
active in politics. 20 years later, perhaps 2016 if you believe the pundits, may be hillary s term. and wound up on the cover of people as person of the year. bill clinton was their person of the year. remember ross perot running for office? cover of times. bill clinton. that was a good time for everybody, too. and also some numbers are telling. this will put everything in perspective. this is what we were paying for gas $1.05. milk was $2.78. $1.92 for bacon. the average price of a car was $17,000 compared to now is $30,000. we re paying $3.50 for gas and $4.61 for bacon.
it is. bill: which tells you why governor romney over the weekend was talking about gas price necessary ohio. waoes trying to find an issue there. look, you re right with the natural gas boom in this country, and the hydraulic fracturing. we have a lot more oil on gas production but not nearly enough. all of that production, almost all of that is on private lands. one of the points the oil and gas executives say that i talk to they say most of the oil in this country is on public lands and that s what s been taken off limits for drilling. you know, if those high gas prices persist, i think it is a problem come november 6th because i m old enough to remember 1980 when the high gas prices were a big problem for jimmy carter, it was a sign to the voters that there was something wrong with the economy fundamentally. bill: $4.61 is the average price per gallon in california. it trickles across the country from west to east. this is what you told our producers here, explain this. you sai