$2.86. translate that as a percentage decline and this is by the way within an 11% increase in production. they haven t doubled it, they haven t gotten to 25% yet. in 11% increase in production, suddenly changed the whole equasion of supply and demand. now, if you had the same experience with oil, you would end up at $1.13, what it was when i was speaker. 2.50 is a long way from a radical number. 2.50 is a practical, cautious, doable number. and my goal over the next few weeks is to drive home to every american we don t have to be trapped in a department of anti-energy, we don t have to be trapped with an epa which destroys jobs. we doenl have to be trapped with a president who refuses to build the keystone pipeline, refuses to reopen the gulf refuses to develop alaska.
for suckers. they talk fair trade, they talk free trade, but it doesn t exist. mr. president, find out why not. number three, we ought to be energy independent by the end of the decade. the president flips and flops on this. i see this morning in the new york times he is talking about allowing drilling again. thanks a lot, mr. president. when you took office, the price of a gallon of gas but $1.86. today is it s $4.00 plus. good job mr. president. we had one blow-out in the gulf of mexico, out of 75,000 wells and he stopped all drilling for one year. we ought to drill cleanly, wisely and well but be energy independent. i have would do it by the end of the decade. specifically. you know how many new jobs that will create in america? 5 million. tariff oil. how would you do this? i would tariff oil it s
points or so. we re also following potentially a break, a break from rising gas prices. so, sure you know they re high right now. but some analysts believe that these prices might be nearing their peak. alison kosik at the new york stock exchange. tell me alison, could this be? could we start actually seeing our gas prices go down? suzanne, that is the hope, especially with drivers paying an average of $3.86 a gallon. that s the average right now. you know, it s already the 34th day in a row that we ve seen our gas prices go up. now here s a bit of optimism coming from trillby lundberg. she s the one who compiles all of this data about gas prices. she says prices may peak before the summer driving season, if they haven t already peaked. so the fact is, prices may have slowed, and it could take some time for it to really catch up to the broader to your gas station in your neighborhood. suzanne? alison, we re just 25 cents away from the all-time high. why do you think it s stalling
at the time of the attack. government tanks have stormed daraa. witnesses tell cnn they re hoping fire on protesters and government soldiers are going door to door shooting people. operations returning to normal at st. louis international airport. a tornado tore through the main terminal on friday night, windows blown out and part of the roof was ripped off a concourse. nearly 800 classified military documents have been released by wikileaks. they reveal details about alleged terrorist activities of al qaeda operatives being held in guantanamo bay. texas is burning from border to border. 17 new wildfires started on saturday. the weather forecast is not good. the next two days are expected to be in the 90s with very low humidity and very high winds. and gas prices still trickling higher. aaa reports a gallon of unleaded now averaging $3.86 nationwide. you re caught up on the day s headlines. american morning back in 60 seconds.
which they re rising appears to be slowing. today, up less than a penny to $3.86 a gallon. you re caught up on the day s headlines. american morning is back after the break.