white house is making this announcement about more releases, they are pushing domestic oil companies to increase production and also saying the plan is to buy back oil when prices go down to between 67 and 72 dollars a barrel. prices by the way that the white house has repeatedly claimed in the past are out of the president s control because of external factors like putin s war in ukraine and more alarming to the critics the white house is prepared to draw down the reserves even lower. what we re asking they increase production now. the spr, we still have a lot there, 400 million barrels. that s a lot. we want to industry to increase production right now. the white house is making an effort to paint things in their favor. chief of staff ron klain tweeted gas prices falling again after four-week rise in a second week in a row of decline. 16 states where gas is at 3.49
combination. you have got a stock market tanking. ainsley: crime. will: i m just focused on in on crime and southern border. you have a real bad cocktail for success in the midterm election. brian: right. so far we also watched gas prices that the president was bragging about and brought it back quicker and faster in history now going up. 3.86 yesterday, 3.89 today. 3.49 a year ago. that was also high. since the cutback with oil and gas it s going to raise prices on everybody s driving as well as the heating and cooling in your house. you now have a situation where the president has got to act. is he going to reignite the oil and gas industry in venezuela with the infrastructure has been rotted out because brutal, horrible regime that tortures their people. communists have allowed russia to come in. iran and china. yet, we are going to reignite relations with them, perhaps. are we going to go to iran and say here, take this deal, stop building nukes for a few more years, and allo
distinction between the two. i get them confused. i think we re seeing important sides of resilience in this economy. you just talked about gas prices coming down. today the most common gas price in the united states is $3.49. gas price is down 65 days in a row. down more than a dollar. what that means for a typical family, two-car driving family, $120 a month in savings in their pockets. and the labor market as you just discussed is continuing to be very strong. we created 528,000 jobs in july. so those are markers of resilience. no question we face serious global challenges right now with inflation, first and foremost. also no question that the united states is better positioned than almost any major economy to weather those. and to do so without giving up all the economic gains that we made. so that s certainly our goal. and we have taken some big steps on the policy side to try to further that this week. talked about inflation and gas prices for that matter.
bit of good news in the short-term for them. right now it is ridiculous at this time of moment. my husband being a truck driver, so right now he s paying, like, $600, $700 a gallon, you know, traveling back and forth. i m glad the gas went down. it is making people feel a whole lot better. how much lower do you want it to go? i would say probably in the $2 range. about $2.50, $2.75, i think people would be satisfied. reporter: okay, $2.50 and $2.75, pretty unlikely. a year go we saw gas at $3.17 for a gallon of regular on average, though patrick duhan of gas buddy says we could see gas slip by another dime, $3.49 on average, by the end of this week. the biden administration trying to take a lot of credit for this.
it. with the unleaded 88, what cards does that work in? unleaded 88 is approved for vehicles produced 2001 and newer than that. so that is suvs, trucks, everything from 2001 and up. however, if you got a flex fuel car, you can use the 85, and you are selling that for less than $3.50 a gallon. yes, that s $3.49. that is for flex fuel vehicles. they are generally, if you look at your vehicle manual, or inside your fuel cap or on your fuel cap, you see the designation for it. travis, how much money are you losing every gallon that you pump today? [laughs] i m not really sure. i didn t take care to calculate it. i don t think you want to