gallon is now $3.36, that s five cents higher than a week ago, and adam shapiro is live from fox business network at the breaking news desk with more for us. hi, adam. reporter: unfortunately, what goes up may not be coming down anytime soon. you can blame warm weather for the increase in gas prices. aa reports that california is among the first big states where refineries are switching over the more expensive summer blend of fuel. the average price for a gallon of gas was up 12 cents from a month ago, and some analysts predict the price in california could predict up to 25 cents over the next two weeks. demand for gasoline also increases. it s a different story in other parts of the country though. drivers on the east coast, here in new york, for instance, and in the midwest are actually paying the most on average for gasoline. new york city filling up costs on average $3.83 while drivers in chicago are paying about $3.60 a gallon. why? midwest gas prices are going up
investors are worried health insurance stocks we were talking about that. that will be more of a cost for them. cost control for the healthcare law. that is another issue we are dealing with as well. little bit of positive news. i will say this. mortgage rates are going to stay low. we believe ben bernanke will be in office go through the rest of his material if he wants to stay i think the president would keep him. that means mortgage rates for all of you will be staying low we are at 3.36 percent. what is the jobs picture? we expect unemployment to remain incredibly high. there s a few reasons for this. a lot of ceo s come on the business network and say i don t want to hire i am not comfortable hiring. one is healthcare. it will cost him more to ensure each employee. number two, regulation. president obama is known as a regulation type of president. he believes in more regulations is better whether it s for coal companies through the epa
go up. so some have failed. none of the other teenage airlines do the same thing. southwest trying to push it through. jet fuel prices are higher and they re trying to make more profit, as well. so we ll see if it gets through. get that early ticket so you re in the front of the plane. buyer beware. brian sullivan, thank you. the presidential candidates are prepping their answers for expected questions on everything from taxes to foreign policy. politico s out with key numbers today that both men really need to know. $7.25. that s the national minimum wage. $3.79. average for a gallon of regular gas. $3.47. a gallon of whole milk. $1.41. a one pound loaf of white bread. and 3.36% is the average interest rate last week for a 30 year fixed mortgage. i have a cold. i took dayquil,
measures have numbers that are worst than presidents that lost re-election, carter and bush 41. 7.8% unemployment today, that is higher than the unemployment rate under george h.w. bush of 7.6% an lost re-election. the second quarter gdp number, 1.3%, that is lower than the 4.3% that bush 41 had and he lost. the workforce participation right of 3.36 is lower than what jimmy carter had. president obama s numbers are below every president who has got even reelected and slightly above those of the presidents who got defeated. the question is, is he going to be the bottom of the guys who win or the top of the guys who lose? martha: good question and good white board. we need our glasses some of us
in a row. 15-year fixed rate mortgages are just under 2.7%. 30-year loans are now 3.36%. analysts say it is a sign the federal reserve stimulus plan is having an ipact and yet another milestone for facebook. ceo mark zuckerberg says the social network now tops 1 billion active users every month. that amounts to nearly half of the world s nearly 2.5 billion users worldwide. despite facebook s recent troubles, of course, on the stock market, those numbers are incredibly remackable when you consider that less than nine years ago facebook was operating out of a dorm room on harvard s campus. doesn t everyone want that success story? you want to catapult something you think of, into this amazing thing from your bedroom. there s a wild backstory to it. i m a total facebook junkie. totally. i am one of the billion. it s changed the world, in a lot of ways. is it too much sharing. i remember mi6, security agency in london, that the wife of the agent, the head, the guy heading it up, sh