inflation, and even democratic economists have been saying for months the better part of a year, this was insane to spend as much as they did. warning signs were everywhere. now the message is buy some canned food and eat that. good luck with that message. sandra: jackie, nothing against chef boyardee but you cannot tell people to change their habits and not offer a solution. gas prices people are paying, today 3.80, 1 day prior to election day. 2.39 when biden took office, up 59%. but also something on the horizon and that is home heating costs. as we enter into the winter heating season, people have already been told because prices of these commodities are sky high, that their bills are going to go up and we have already heard from people having to sacrifice in other areas of their lives to prepare for this. so, is what is expected also
with october s consumer price index thursday. consumer credit data, weekly jobless claims also due out this week. gas prices held steady at 3 3.80 a gallon. let s bring in chief u.s. strategist at agf investments. greg, i want to start with the warninging about the economy th so many democrats have been talking about. let s listen to a democratic strategist of what she said the democrats got wrong this election cycle. we did not listen to voters in this election. and i think we re going to have bad night. when voters tell you over and over and over again that they care mostly about the economy, listen to them. stop talking about democracy being at stake. is it the message that s meddled on the company or 8.2 inflation is insurmountable. i think it s insurmountable.
have the same path. here is that thing, we are blessed and we have this under a feat at this moment. but stop for a moment and if you think some kind of green utopia, at least be smart about it. it is 20 years away, 30 years away if even possible at all. todd: let s bring on rob henneke, we have been talking about this so far this morning in general terms. let s get down to brass tacks. let s get down to two specifics, how much worse will the pain at the pump be for the average american because of these opec carts? todd, good morning, thank you for having me. todd: sure. i went to bed and gas $3.80 a gallon and now it is $3.86 a gallon. biden is causing a depression with the people. a recent survey says 65% of americans feel stressful about rising prices. and here just recently, there was a study more than half of
however, that is just a drop in the bucket, say critics because the u.s. uses 20 million barrels of petroleum every day. and the u.s. oil and gas association practically incandescent. they say this, opec says no, options all but gone, the strategic petroleum reserve. the white house has one option left and it is the one option they should never have turned away from in the first place. the u.s.-based oil gas industry. life comes at you pretty fast. in the meantime the national average for a gallon of regular unleaded continues to inch upward appeared now sitting at $3$3.80 a gallon. the white house blaming opec as you can imagine from the latest round of pain at the pump at capitol hill, they say the real plan belongs at the other end of pennsylvania avenue.
instead continues to beg middle eastern countries like saudi arabia and kuwait to keep the taps flowing. carley: oil producers here at home panic the anger the warning banding or illuminating the export of refined products would likely decrease inventory levels, reduce defining capacity, put upward pressure on consumer fuel prices, and alienate u.s. allies during a time of war. todd: kevin live in washington with more. good morning, todd and carley for potential cut by opec that obviously lead to major headaches. not just for the white house but for american consumers as well. they of course are already sitting down next saddled with significantly higher prices compared to when former president trump left office. the average price for a gallon of gas topping $3.80 a gallon right now according to aaa.