food. nowhere to get gas. and so people are really depending on themselves, especially as their kids are out of school right now and there s a curfew that starts at 9:00 p.m. every single night. and it is likely to stay in place as we wait day by day for both the school administrators and the county officials to make decisions about what is possible and safe as they wait for the lights to go back on. what is striking to people as they try to get the community back on its feet, is the revelation how vulnerable our infrastructure is, not only in moore county but a wakeup call to the rest of the country. antonia hylton, thank you. millions of americans struggling with high prices have gotten some relief in the last few months with gas down to about $3.40 a gallon on average. 40 cents lower than a month ago. $1.60 from the record high set back in june. the question now is, will those prices perhaps start ticking up again sometime soon? starting today, the european
that s down 40 cents from a month ago and more than $1.60 from a peak of $5.02 in the middle of june. eight states are currently under $3 a gallon, part of a growing trend. the national average could fall under $3 a gallon, even ahead of our forecast. so we continue to see gas prices fall at a very brisk pace. plunging oil and gas prices are being driven by a deepening recession in europe, rising interest rates in the u.s. and covid outbreaks in china. but the fragile fall in fuel prices could take a turn. starting today, the european union putting a price cap on russian oil at $60 a barrel. reporter: what is the net impact of the eu deciding that we will only buy russian oil at this price point or less? it s significant that the eu is coming together to make this fairly significant agreement and risk this potentially
has more on how the fall in fuel prices could easily take a turn. reporter: it s hard to find a single staple of the american economy that impacts our collective pocketbooks more than gas prices. which is why, when they fall, it provides a noticeable lift for families. big difference. reporter: and falling they are, the national average this morning. 3:40 a gallon. that s down about 40 cents from a month ago and more than $1.60 from a peak of 5.02 in the middle of june. eight states are under 8 bucks a gallon. national average, $3 a gallon, even under forecast, a potential to happen by christmas. we don t see gas prices fall at a very brink pace. reporter: plunging oil and gas prices are being driven in large part by a deepening
with low-cost options to help maximize savings. from the plains to the coasts, we help americans invest for their future. and help communities thrive. harris: we ve been getting a warning now for about a week and the crisis is here. fuel companies are saying a diesel shortage could really hit us hard on top of the current inflation. u.s. supply is at historic lows now down 15% over last year, nearly 1/3 compared to two years ago. right now diesel prices are at an average of $5.31 a gallon up from $1.60 a year ago. it has been above seven in the
biden is playing a familiar blame game. he s added a new boogie man. i realized cost is going up on food. i was able to bring gasoline down well over $1.60. it s inching up because what russians and saudis did. harris: now we have the oil industry he blamed. the mom and pops. the corporation, putin and now saudi arabia. i guess no more fist bumps. joe biden should look in the mirror if he wants to figure out the reason for high gas prices. in the campaign he promised to end fossil fuels in america. that s why we have an energy crises in america. it doesn t help that joe biden and the democratic party have ostracized saudi arabia for years now and no small part because they opposed barack obama and joe biden s reckless nuclear deal with iran. bottom line is, we shouldn t have to rely on anyone for our oil and gas and coal.