the biggest increase in 20 years. americans opened 233 million new accounts, the most since 2008. while balances still remain below pre-pandemic levels, interest rates now averaging 17.4%, could soon soar to record highs as the fed continues hiking rates to fight inflation if you re carrying heavy credit card debt, financial experts recommend cutting it down as fast as possible that rate is probably 3, 4, 5x what you re paying for your mortgage or car loan definitely you want to pay down your credit card debt. reporter: transfer balances to cards offering zero percent introductory rates perhap turn to nonprofit financial counselors for help meanwhile, the white house today noting some inflation relief with gas prices now averaging $4.16 a gallon, down 85 cents from the record highs set in june. experts say gas could fall below $4 a gallon soon, though opec s pledge today to pump even more oil is expected to have a minimal impact
hasn t stopped them yet, though! dave, as you mentioned, there s credit card balances has increased by $46 billion. that s the largest seen by the fed since 1999. americans open 233 million new credit card accounts, most since 2008. that means they re looking for money. with higher gas price, you mention gas filling up your own car, that people are putting these gas prices on their credit card which contributes to further debt. you agree with that? sure, that s a scary stat, if we think about it, bill. i mean, that s the largest credit card debt increase in 23 years! so that tells us that even in the crash of 2008 when real estate prices went down, stock market went down. it was a wilder time than now, even then people didn t turn to their credit cards like they are now. and so that it s a scary stat. and banks, you got folks to remember out there, these banks are not your friends.
incredibly difficult. in a statement, abramovich revealing he s not asking for any loans to be repaid and that, i have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. the foundation will be for the benefit of all victims of the war in ukraine. this includes providing critical funds towards the urgent and immediate needs of victims as well as supporting the long-term work of recovery. since taking over, abramovich has absolutely transformed the fortunes of a club who s last top flight league title had come in 1955. amid lavish spending, though, twice champions of europe and their top flight title drought snapped after half a century. chelsea s women s team now the dominant force domestically. last year forbes saying chelsea was worth $3.2 billion. compare that to the $233 million paid almost two decades ago.
has actually transformed the fortunes of the club whose last top title had come in 1955. amid lavish spending, twice champions of europe and their title drought snapped after half a century. chelsea s women s team now the dominant force domestically. and last year forbes saying chelsea was worth $3.2 billion. compare that to the 233 million paid almost two decades ago. the arrival of abramovitch at chelsea in 2003 electrified the english premier league. questions of his wealth persisted. but in football terms there was no question that chelsea were massive beneficiaries, the best managers in european football, the biggest players, the first title in half a century. the positions of chelsea as a big player domestically and in the champions league. under abramovitch, chelsea
uncertain future. reporter: that s russian billionaire. celebrating a win by the british football club. chelsea. a team he bought in 2003. for what amounts to about $233 million. it s about time that the west really look at where is this money coming from. the welcome matt in the uk is gone. he s one of many oligarchs sanctioned for their alleged ties to russian president vladimir putin. at in time essentially get a meeting with putin. and very close with him. in his case, the british government has banned him from its shores and frozen all assets in the uk. one day before he was sanctioned, he announced plans to sell the football club. and also reportedly trying to unload at least some of his homes in london. which include a 15 room mansion. on what s known locally as billionaires row. russian follow garks when they get money oftentimes