explain that? no, it s unexplainable. i ve been racing my brain to make sense and there s no sense to be found. the thing is when i listen to the biden administration talk about it, they keep talk about first-time home buyers and how it will help first-time home buyers and if you saved and paid bills on time, you have good credit you will be punished at the expense of those who don t have good credit and haven t paid bills on time and don t have a down payment. the goal of this is to stimulate the housing market to get new entrance to the housing market, they are sending a bad signal for those who have done the right thing. mike: all right, let s take a look at mortgage rates. as of this week, a 30-year fix rate, 6.39%, 5.76% for a 15-year fixed. that s up substantially from 3% for a 30-year fixed. mitch, what s the impact on the housing market? mitch: well, it certainly has
maintaining onerous rules on building out energy projects puts renewables at a disadvantage relative to sources that have associated infrastructure built already. they say that democrats who oppose, for example, manchin s plan on this part were short-sided and didn t see the impact for renewables. poppy, i agree with the washington post that we need to expedite permitting for renewables, for transmission lines, but that s not what the permitting reform was. that reform would have provided gone over front line communities for fossil fuel infrastructure. so what i have said and many of the climate groups have said is let s have an expedited permitting bill on the transmission lines, on solar, on wind, on batteries and we would be for passing something like that. finally let me ask you this because the average we just looked, the average for gas prices in your home state of california this morning $6.39 a gallon. yeah. you have said that you hear,
mortar restaurant? would you ever do that given the fact that you don t have to worry about gas for a restaurant? well, i will say not at the moment but we trying to have [inaudible] steve: sure. the average cost for a gallon of gasoline in california is $6.39 a gallon. that vehicle behind you. that s correct. steve: your food truck. what kind of gas mileage do you get with that? well, to be honest, i never paid attention. like i will say he steve: i understand you are not worried about gas mileage. you are worried about the total cost of things. hector, going forward with they are predicting we could have a
prices right in the pits of their stomachs and the folds of their wallets. about $6.43 average per gallon, so this gas station behind me at $6.09 considered a bargain. people here telling us stories about how hard they re being hit, they re changing some of their summer travel plans, we talked to a 72-year-old woman, a career counselor, her husband retired, and they are now recalibrating how to take those 100, 200 mile day trips. we re curtailing a lot of what we re doing. not taking any even short trips like going up north to or down south to san diego. it it is crazy. it went up a dollar in a week to $6.39 now. and we fill with quarter tank and it will probably last us for the rest of the day, if not we have to fill up later on today again. reporter: so alexis and his
summer. this is the first time i ve seen over $5 and this is 6.39 a gallon. yeah, well, gas isn t cheap for anyone right now, but california and nevada, alaska, illinois and washington, you guys have the highest gas prices in the nation, and not something, anita, that people are wanting to celebrate, and especially in the summer when people want to drive a lot. california at 6.43 a gallon and illinois at 5.56. some prices at the grocery store, but i don t think we ve really made any changes yet although we are starting to make changes in driving the car. that s probably the one area so far because it s expensive. so encouraging our children to ride their bikes more instead of driving. and gas prices, anita, are always more expensive in the summer. we just checked in with triple-a and tell us they don t expect to see relief at the