griff: it is ticking, indeed. david spunt watching it for us in wilmington. thank you. molly. gas prices hitting levels not seen in years. we have david lee miller, he s live in northvale, new jersey with what you can expect when you pull up at the pump. david? molly, if you think gas prices are high now, just wait until the holiday season. many analysts say gas prices are only expected to move in one direction and that is up. and they are already now at a seven-year high. here in new jersey, triple-a says the average price for a gallon of regular is now $3.44, one year ago that very same gallon costs $2.24. coast to coast, the average price is 3.38. one reason for the spike in prices is increase in demand and the prices usually drop in the fall, this year is
approval numbers for biden on these two issues. look at this 100 days into his presidency, nearly 70% of voters approved of how biden was handling the coronavirus. and look at this by a 52-43 margin they approved of the way he was handling the economy. now things have changed on both of these issues. here s the assessment of biden on covid. it s down to just 53/44 approval. 42 points positive to just nine. and on the economy it s flipped up side down. more disapprove than approve of it. i think there s pessimism in general that s defining the mood when it comes to covid and we asked folks in april, remember, the vaccines were rolling out. the case counts were dropping and we asked the folks when it comes to covid do you think the worse is behind us, most said that. 19% said that the worst is yet
in these thin markets. so things may not pick up like they often do next week. i want to focus on the last item of that graphic, the plunging oil prices. oil prices are down. they are way down. they re down below $40 a barrel. you re looking at the prices at the pump. a year ago, you could get a gallon of gas for $3.44. today it s $2.63. i just got back from a driving vacation and i loved it. gas prices for great for consumers. but they re starting to get to a level where it s having repercussions on energy countries and energy producing states and maybe the market and the economy as a whole. you do need a balance there. gas prices are great for consumers. auto sales, it s great for auto sales, as well. but when you talk about texas, oklahoma, the dakotas, california, there are a lot of people working in the oil and gas business in those states. and you start to see people lose jobs, particularly in the exploration areas where people get hired on a sort of temporary
sliver, maybe a little bit, lawmakers are debate emergency spending bills that would reopen some portions of the federal government including the national parks. so how much would this cost, this effort? shannon bream is live in d.c. with the taxpayer calculator to crunch some of those numbers. that is an interesting question, shannon, how much would it really cost to open the parks? reporter: let s start there, the house pass ad measure with a price tag reopening parks for $3 billion t would provide funding for the national park service which would include the world war ii memorial in the spotlight this week, smithsonian institution and gnarl gallery of art and holocaust museum only through december 15. how does it trans late to taxpayers. if you make $30,000 a year, your cost would be $1.42. for those making 50 to $100,000 a year your portion is $13.44. if you make $250,000 or more the
eliminate banks? they are usually 6 months to a year ahead of the rest of the business the nonfinancial business because they have a keen insight into what s going on. you hit on a key point. american express said they are trying to control their costs. they don t want their operating costs to go up more than 3 percent for the next two years. they are trying to get heyed of themselves. you could see there may be trouble coming up. finally good news because the energy department predicts gas prices could go down. when did you hear 131 from the u.s. department say gas will be cheaper. expect gas to average 3.44. before you pop the champagne or sham pag ne. that s a high price for a gallon of gas. if it s accurate that s going to put $205 back in the pocket of