bill: gas prices going nowhere but up. national average hovering $3.44. seven year high up from 8 cents a week ago. number of states with gas under $3 a gallon is zero. here to talk about it patrick, head of the petroleum analysis. you predicted six weeks ago we were headed this way. be the prognosticator now. where are we going next? i think we continue to go up from here. the national average last week at $3.45. we re back at the level this morning. oil prices giving up a little ground. there is a lot of moving parts but i still think by memorial day americans will dig deeper with potentially an average of $4 a gallon hitting us maybe even as early as late april or may. i think we ll get there. bill: oh, come on. patrick. memorial weekend is when it spikes. when was the last time we were all paying $4 for gasoline?
putin, you can medoro or iran or some other regime. the only way out of this, go back to the trump policy, the oil and the industry in the u.s. is unleashed. we encourage all forms of energy, coal, oil, gas, solar, whatever. whatever makes the most economic sense. that s the only past forward here. the biden administration has resisted that. as a matter of fact, they re doing the opposite. they re trying to shut down fossil fuels. and now oil and dwas t gas especially. they re doing everything they can to get prices high. i don t believe for a second jen psaki or joe biden s claim they re working hard to reduce pump prices. that s not true. actions speak louder than words. they have not done wing thing to do that. last month, $3.44, today up to $4.06 a gallon.
Transcripts for FOXNEWS Fox News Live 20220306 18:47:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
thanksgiving at least. take a look at the numbers right now where we are. fortunately looks like we ve hit a peak when it comes to gas prices. it s $3.40 the average gallon of regular right now. that is down a penny from what it was last week. we ve got as high as $3.44, a little bit earlier. so the thought is yeah, we peaked and now with the spr news, the strategic petroleum oil release, maybe it will come down more. but people are now planning to cut travel. they surveyed gas buddy customers that said 32% are intending to travel this thanksgiving. that s compared to 35% that were planning to travel by road this time last year and 65% of course before the pandemic. so they think it s going to have a chilling effect. over at aaa though, they told us they don t think so.
than the national average at $3.44. that same gallon one year ago cost about $1 less. gas prices across the country are on the rise, and analysts expect a further rise this holiday season. even president biden says winter next year. prices are soaring, it s simply demand although gas prices usually drop after the summer driving season. this year is different. following covid lockdown, more people are taking to the road. president biden says pricing is also to blame for the pain at the pump. during a town hall-style meeting earlier this week, he said there s no quick fix for escalating price. i don t i must tell you, i don t have a near term answer. there s two things i could do. i could go in the petroleum reserve and take the out and probably reduce the price of gas maybe 18 cents or so a gallon.