lot more to fill up your cars this year. that s the word from analysts who say the price of gas is now at an all-time high for this point in any year. circle a reports the current national average for a gallon of regular unleaded is 3.35. twenty-seven cents higher than this same time last year when prices hit a record. let s go state by state now. hawaii, 4.03 already. alaska, 3.87. california on average, 3.67. here in new york, 3.61. keep in mind, in a few months, refineries will switch over to that more expensive summer blend. that s when the experts warn gas could easily top the all-time record of 4.11 national average. that was set back in july of 08. peter barns with all the great news. what s driving these prices higher, pete? experts blame the usual suspects, shep. higher oil prices caused by geopolitical tensions, higher demand for oil and gas from china, brazil and other country,
that s the word from analysts who say the price of gas is now at an all-time high for this point in any year. circle a reports the current national average for a gallon of regular unleaded is 3.35. twenty-seven cents higher than this same time last year when prices hit a record. let s go state by state now. hawaii, 4.03 already. alaska, 3.87. california on average, 3.67. here in new york, 3.61. keep in mind, in a few months, refineries will switch over to that more expensive summer blend. that s when the experts warn gas could easily top the all-time record of 4.11 national average. that was set back in july of 08. peter barns with all the great news. what s driving these prices higher, pete? experts blame the usual suspects, shep. higher oil prices caused by geopolitical tensions, higher demand for oil and gas from china, brazil and other country, refinery problems and buckle your seatbelt.
more. a complete list of what you can expect to pay more for in 2012. captions by vitac www.vitac.com one teenager s stunned saga ended with her return to the united states. this is exclusive video of jakadrien turner arriving at the airport in dallas. she spent most of the past year in colombia after being deported by the u.s. government. the problem is, she isn t colombian. these an american teenager who ran away from home. shoplifting, arrested in houston, convinced colombian officials her name was ortega cortez. her family wants answers from the federal government, but right now are just happy their daughter is home. they want to get some rest, to reunite the family. that s the purpose of this day. they re very happy that we were able to get them home. what a story. federal immigration officials are investigating. much more a little later in the show on the situation, including how her family finally found her. well, a two-ship convoy is making the first of it
price of fuel oil is going to be high. maybe you re better off taking a train. maybe there might be something that you could do a bus thing with. be smart, look around. do some homework. i think you will still be able to have a great summer. arthel: when can we see the prices get lower and will it be long lasting? it is a great question. i like this topic if we go back arthel, to 2008 when gas was $4.03, coming off about a dollar a gallon increase over the year before. by the summer of 2009 it had dropped down from $4.03 to $2.61. that was only in one year. for 2010 it also stayed pretty flat down there as well. so, remember, we ve been here before after a very, very major dollar a gallon move
good to see you. god to see you. arthel: good to see you. arthel: the president is announcing plans to promote greater domestic oil production, gulf of mexico, alaska, saying this will ease the pain at the pump, price are going down. republicans are saying that is not enough. how do you see it? i see a little trade off. i think that number one, let s remember we ve been here before. back in the summer of 2008, gas was $4.03 then. gas going up and down, 30% in one year, unfortunately, is not unusual. i see a little bit perhaps of political trade off. as you know, the president talked about eliminating the four billion dollars of subsidies that we pay the major oil companies. perhaps there might be a little bit of deal making here by opening up whether it be alaska or extending the leases in the gulf.