he s a killer. believe me. he is the terrorist. we re looking for freedom and we re free the last, free at last! reporter: in a cafe, young libyans watched the news unfolding in their country. they had a simple wish. we want to die in gadhafi here. die here. crude oil prices are hovering around $98 air barrel as traders keep an eye on the unrest. the top labian oil efficient say crude pro degs dux has been cut 50%. here at home, the average price of a gallon is $3.38 up more than 19 cents in one week. i paid almost $4 yesterday for gas. events of the world affect us here at home. the chance of federal government shutdown by the end of the week could be less
mark. april futures gained 2.66. gasoline went up a fraction of penny overnight 3.38 a gallon. two top money men were on capitol hill talking about fixing the economy and fixing housing. peter barnes is here with details. good evening, brett. been bernanke says the fed is watching those rising oil and gas prices but he is not panicking yet. the increases that we have seen so far will obviously a problem for a lot of people do not yet pose a significant risk either to the recovery or to the maintenance of overall inflation. as higher fuel prices really start to hurt the fed is prepared to act. bernanke got pulled in the budget battle today. he testified he does not think
egypt s actions have markets paying close attention. the price of oil jumped 4.3%, the largest one-day spike since september 2009. that s being blamed for breaking the dow s eight-week winning street. vera gibbons, this is having a big impact on the market. it is. the dow had one of the worst days we ve seen in months. i think investors are using this as a reason to get out of stocks, moving to safer assets. oil was up $89 a barrel. now oil, $13.38 an ounce. so they re taking some of the gains off the tables and moving it to other areas. so we see the dow dropping, oil prices rising. are those the only economic impacts we can expect? there are much broader economic impacts because of this. we don t know the extent of the ri riots. that s what investor res waiting to see, what happens on monday. a lot of uncertainty out there.
some rain out there pittsburgh south wrds. charleston, west virginia, you re dealing with rain. further to the south we have thunderstorms even to tennessee. we ll watch that. the east coast is not going to have problems like the midwest had where it s frigid. veronica, areas on the east coast the airports are my concern. you have to watch that when the front comes through. later today airport delays. temperatures in the 60s. fall to the 40s tomorrow. you know how much i like that? i no he, right. bill, thanks a lot. getting around on some of those snow covered roads, might be presh rouse. at least drivers are getting a break on prices at the pump. the national average price has dropped by ten cents to $3.38 which is 46 cents than two months ago. the survey finds prices are expected to keep falling as refiners cut how much they re charging distributors and retailers. president obama and john boehner are keeping mum on their
tech companies. of course, that also drags down all of our 401(k) s. the dow was off 83 today. the nasa damascus off 29. s&p down 11. followed a steep drop in oil prices, today down more than $2 to 83.91 a barrel. who would have predicted this. cheaper oil indicates a slumping economy here and abroad which is good news for drivers. a.a.a. reports gas now averages 3.38 a gallon nationwide. that s down 16 cents from just one month ago. well, house republicans are trying again to repeal the healthcare overhaul. they won t succeed just like the last 30 times they have no chance of actually making it happen. the democrats control the senate and the white house is reminding republicans that the president has his veto pen and is he ready to use it. g.o.p. leaders written cysting this latest vote is not just for show. the american people do not want to go down the path of obama care. that s why we voted over 30 times to repeal it, defund it,