news. credit card debt in america just passed $1 trillion for the first time ever. credit card delinquencies are still rising, hitting over 7%. mortgage rates now at a painful 7.77%. that s the highest rate that we ve seen in 22 years. and bank of america s reporting that there is a 36% jump in people taking hardship withdrawals from their 401(k)s. we have some things that fall somewhere in between the good and the bad. inflation has fallen significantly. it s at 3.2% from the peak of 9.1% last june. powell wants it at 2%. the average cost of a gallon of regular gas, that s at $3.83. that s down from a record high of $5.01 last june. but that s been creeping up over the past few weeks. and wages do keep rising, which is great for workers, it does add to inflation and there have been several labor strikes, could be more, which helped
on. gasoline prices appear to be creeping back up. $3.52 a gallon on average a month ago. $3.74 a week ago. $3.83 is the current average. what does that tell you during this major summer travel season, mitch? last week i think it was over the weekend opec announced they would cut back production and i immediately jumped on twitter and said, here we go. certainly the oil exists on the planet, is just a matter of getting it out of the ground and getting it in the form of gasoline. it is certainly inflationary. it is something that everybody feels. inflation slowing down to 3% for consumers, that is not the case when they are paying $0.50 more at the pump. it may be another $0.50 after that if opec continues to cut production. downgrading from aaa to aa. why does that matter, mitch?
i want to play it for you there. vice-president harris seems to be putting a positive spin on it. take a look. that is called bidenomics. [laughter]. that s called bidenomics and we re proud of bidenomics. griff: and you mentioned gas prices. for more than 15 straight days it s going up. today 3.83. now, i will confess to you that the jenkins family is about to load up the beach chairs in the family truckster and fill up at the pump and blame inflation or trace everything to inflation, on the first day decision he made to attack the fossil fuel in the u.s. not only made us a net importer
refill that reserve. the fuel is going so high, i think reserve stop refilling it, we re short on fuel across america. ashley: the trucking industry, when it comes to diesel, it affectses every person in the country. jamaica, talk about gas prices. current average is $3.83. week ago it was $3.73. that is a big jump, almost 10 cents. how will that affect everyday life? you are a mom of three. will you have to change anything? i ve had to change a lot. within the last two weeks, gas is not that high here, we went to $3.21, $3.22.
go along with jack smith s theory, that will get overturned on appeal. you know it will go to the supreme court. laura: it better and better be resolved correctly for the american people. david and tim. thank you. that s it. set your dvr, never miss us. remember, jesse watters is next. todd: fox and friends first ed, u.s. gas prices surging to $3.83 per gallon, record high up 31 cents from last month. what does this say about the economy? a panel will react. and cancelling event with kirk cameron and riley gaines, wait until you hr why and how their lawyer is responding. todd: did you see this? my family, my god. i wanted to bring you here.