something like i ve been advocating for a long time, the flat tax. instead of picking winners and losers and you can get the corporate rate down to 15%, 17%, and collecting more money because if you make it, you pay it. and that s the way to do it. do a thorough cleaning instead of picking and choosing, which at the end of the day, politically, is not going to get you far. at the end of the day, there s something having a big impact on people s pocketbooks, that is gas prices. the average for unleaded jumped 3 cents overnight, it s now $3.61 a gallon. is there something in the short-term that can be done about this? and do you think these prices are artificially inflated right now? well, among other things they re worried about iran and that could very well blow in the next few months, that is a very real crisis that s coming to a head. and the other thing that s hurting, though, is the continuously weak dollar. gold took another surge yesterday. and whenever you have the fed print
and wished for x he wasn t ready for the heat. megyn: why? what about his answers? i don t think he was prepared to take on all of the scrutiny. megyn: well, later in our hour what kind of impact will arizona s debate that we saw last night have on this race? we ll show you the focus group with an inside look at what republican voters are really thinking. that s coming up right here. fox news alert now, air force one set to touch down in miami minutes from right now. that s where president obama will address the surge in gas prices which are already putting a strain on family budgets. the spike in prices, head-spinning. the nationwide average is $3.61 a gallon now jumping three cents per gallon overnight. nine cents in just a week. there appears to be no end in sight here and, thus, we shall here from the hear from the president on this issue in about an hour and a half. right now we hear from trace
take a quick look from triple-a. the stats of gas prices in the administration from january 20, 2009, $1.84. there is the different increments up to february 23. $3.61. that is average. some places are higher. what about this and energy strategy going forward? bring in the panel. bill kristol, editor of weekly standard. charles lane, opinion writer for washington post. syndicated columnist, charles krauthammer. okay, bill, what about the president s pitch and explanation and how it plays? i kept looking for the speech for the most notable policy initiative of the administration, which was cap and trade. remember that? the democratic congress, the house passed the bill. that was the centerpiece of the legislative agenda? what happened to that? he doesn t mention it. he is adjusting politically, and i give him credit for that, i suppose, as a political matter. he is a flexible president. now he is very concerned about rising gas prices.
gallagher from a chevron station in l.a.. reporter: pretty amazing, m.k.. in california can gas prices are typically higher, we have higher real estate taxes and higher gas price taxes here. i want to point out a couple things. this is in santa monica, so it s a busy area, but take a look at this. regular gallon of unleaded gas at $4.49. plus at 4.69, supreme all the way up to 4.79. across the country sticker shock is setting in, and we are on pace, megyn, to shatter records. take a look at the number bees. back in 2008 on this very day we were selling gas on the national average at $3.13 a gallon. in that july of 2008, we broke the all-time record for a national average for a gallon at $4.11. you just said it, gas right now today, national average $3.61 a
news changes everything. but first from fox at 3:00 in new york city, president obama says there is no quick fix to stop the rising gas prices. we cannot just drill our way to lower prices but we need a sustained all of the above strategy to develop every available source of american energy. yes, oil and gas, but, also, wind and solar. and nuclear. and biofuels. and more. the current average for a gallon of regular is $3.61 cents today, a 13 percent hike from this time last year. the cost increase could prove an election year stumbling block for 9 president as the overall economy appears to improve. and wendell is at the white house. the president acknowledged and talked of a headline saying republicans are licking their chops over this. reporter: the wisdom is that it is the economy that drives american votes and gas prices on the rise you are right the president can feel the