2016. storm surge inundation, 6.42 feet above ground level add measured at spring made, and higher once water levels are sur surveyed. rain values, 5.63 inches at charleston airport. 4.81 at monks corner, 4.18 at georgetown. 4.2 at darlington and 3.55 inches at north myrtle beach. fortunately, no significant river flooding is expected anywhere in the state. and for those focused on recovery efforts, the weather should cooperate over the next several days with no precipitation expected through tuesday and highs through tuesday. thank you, thank you, john, a few points and we have a number of people here to answer questions, but i d like to do
premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there s also a spade of layoffs adding to investor fears. cnn reports two u.s. real estate companies that had flourished in the pandemic announced layoffs of 8 and 10%. coin base laid off 18% of its staff. spotify plans to reduce hiring by 25%. elon musk, who already said he wants to lay off 10% of the tesla staff, is now intimating
points, 3.5% tonight, all eyes now turned to the fed and its next steps tom costello has more. reporter: the red arrows on wall street represent real money for american families, mutual funds, 401(k)s, college savings and pensions, all sliding. as today s report shows inflation even worse than last month. now running at 8.6%, the fastest pace since 1981 and there is nowhere to hide. food up 10.1% led by soaring egg prices as bird flu ravages chicken flocks housin up 5.5% and gasoline surging every day, 4.99 today s national average but $6.42 a gallon in california i m stopping at 40. i m not going over 40. i don t care where it gets me. reporter: also driving inflation higher, airfares domestic airfares averaging $403 round trip from here in atlanta out to l.a. up 65% from 2019. from new york to denver, up 58% from
paul, californians, they re supposed to be laid back, but they re not about these gas prices. reporter: no, they are not, jim, and in fact, they re feeling it right in the pit of their stomachs and in the folds of their wallets. look behind me, this is considered a good gas price here in los angeles. $6.42 is the average here in california. this is $6.09. why is it so high? california has a legendarily high gas tax, $0.50 per gallon. this tax used to improve those roads and infrastructure and californians almost look at it as a birthright to go on weekend road trips once the weather heats up. we were talking to a 72-year-old woman. she works as a career counselor. her husband is retired, and those 100, 200 mile day trips, they are starting to disappear for this couple. we re curtailing a lot of
a gas station in l.a. paul, how are people reacting to these very high gas prices in california? reporter: they re reacting with shock and they re in agony. if you look behind me, this gas station is considered a discount at $6.09 a gallon. as you articulated, here in california the average now, $6.42. what drives all of this, california has an extremely high gas tax at 51 cents per gallon. these taxes used to improve roads and infrastructure and whatnot. for these vendors we re talking to today, they re absolutely getting jackhammered by these prices. a family rental business, party rental business, busy time of the year, weddings, graduations, father s day around the corner, what takerhey re doing now is o