made today, i only finish three bins. $28.50. $2.85 an hour over ten hours. morgan, time to go. that s like 3 2/3. yeah. so was it easy? absolutely not. it was even harder than i expected it would be. but you exceeded my expectations. i did? i figured you would have quit. thanks for having so much faith. you pulled through. you pulled through. let s go home. let s go. i couldn t even imagine, like, having to do this every day, six days a week for your whole life. very hard. how many? three and two-thirds. not too bad for a first day. but not too good. i know. not too good.
floating to the 10-year treasury yield plus another 2.5%. so right now the 10 year yield is at 2.1%. you re looking at more than here comes the president and he will be speaking in just a moment on this and his plan. but with the republicans they put in a cap, highest would be 2.85%. bill: 2.85%. so that is a max. right. bill: the white house says we re cool with that or not? the white house has another plan. they want to fix it to the 10-year, stafford loans, fancy way of saying federal student loans, but it would be .93% or 2.93%, depending what kind of loan you have. i don t want to throw too many numbers at people. that on the surface looks lower than what the republicans have offered. however with the president s plan, no cap. right now, we don t have a growing economy but we hope certainly at some point we will and when it does you start to see interest rates on the 10 year climb rather dramatically. what happens then? so we have to figure something out. the president will
budweiser, and tries for the world straightaway speed record. we ll race against time and mother nature. we ll see what we re made of. dave doesn t let his nerves show as he gets ready to start the record attempt. one of the problems with setting records, you know you re going to experience things that other people have not. everybody pay attention, the course is live. they average the time over two one-kilometer runs. 9.83. the speed to beat is 198 miles per hour. dave is buckled into the cockpit and hits the gas. here he comes. 213.437 miles an hour. he s on record pace over the first leg. for the second leg he gives it everything he s got. 2.85. 225. 30. he s out of it. he s more than fast enough to break the world record.
of the gulf of mexico. would that not help. reporter: it definitely would help. we are at about 2.85 a gallon. the price of oil was at $85 a gallon. to say that the obama administration is totally being controlled by outside forces when it comes to gasoline, that is partly true, but partly not true. the obama administration, of course, has put new regulations on refineries, they put on a drilling moratorium, khroed do slowed down the production of the keystone pipeline they ve froze that. just go back to the drilling moratorium. bill: it s great to have you on our program. we ll check in with you again in the coming days, phil flynn. just need one line because you asked, thanks to uncle johnny in north carolina. he s a good man. martha: and he had a question. bill: and a good question.
where we actually see it for our wallets. you mentioned the lag between the oil and gas prices. how low do the oil prices need to get before we actually see a significant drop in the gas prices? okay. so the best way to answer that is to give you a comparison. you said the national average is somewhere around $3.98. to get become below $3 you got to compare this time to last year in may. so in may oil was at $75 a barrel last year, gas watt at $2.85. but the thing is, these oil prices have to stay at these low levels to really see a true translation that will stick at the pump and keep in mind, gas prices are historically higher in the summer which we re getting into, because it is more expensive to produce the cleaner burning formula. winter grade gas, on the other hand, is a little cheaper. this is why this one oil analyst i spoke toerlier says that s why in part you will awe s see gas prices really drop off by the fall in part because this winter grade gas is cheaper and of