some experts saying that we could see new record highs by this summer. christine romans, why are those prices climbing? why do i have to have the bad news. you had good news last week, and now we wrapped up a great friday. interesting you point that out. you look at the job gains in the market and the economy overall. could that be undone by higher gas prices? we re seeing gas prices up about 12 cents over the past three weeks. why? because oil prices are moving higher, and they are moving higher, $3.37 a gallon is the national average, that s about 30 cents more than it was a year ago at this time. so you re feeling it. this acts as a tax on consumers, kyra. this is the thing that you re most economically sensitive to. every week, every 10 days, you re filling up the gas tank. so this is money out of your pocket immediately, that you re not spending on something else. it s important to watch. how high could the prices go? because it really has been fluctuating. it has. we re
authorities allowing some evacuee ees to return. they say the blaze is mostly contained thanks to calm winds and some snow. heather: one of busiest travel days of the year, mother nature could make travel over trafficking a lot more tricky. a large storm it could impact the entire east coast from boston to florida. areas in the northeast see heavy rains and even some snow, storms as far as south as the florida panhandle. but it should be expected to be out on to sea by thursday just in time for thanksgiving. it will cost you more to get to grandma s house. the national average for a gallon is now 3.37. that is nearly 50 cents per gallon higher than last year. gregg: and we re going to feel that one.
about 90% of those travelers plan to go by car. another 8% plan to fly. aaa representative says cars are the more economic choice this year. when 20 11 it s 20% more to buy an air ticket and about 6% more to get a hotel room. on the other side, car rentals are down by 11% in items of rates. car rental rates may be down but drivers will be paying record high gas prices during the holiday weekend. a new report shows gas will probably average about $3.37 a gallon. that s up 5 1 cents from this time last year, despite average gas prices dropping across the u.s. if you re traveling by plane, you ll have to contend with higher airfares and fewer available seats. plane travel is actually up this holiday season in preparation for the flood of passenger set to hit the airports around the country, tsa is easing sop security procedures.
national average, gallon of regular, up 4 cents overnight, again, now, 3: $3.37 a gallon, 2 cents in two weeks and oil producers say they ll crank up production and make up for the loss but now the promising are not easing the fears over the world s supply of oil. patti ann: a new government study finds states are severely under stating how much public pensions are putting them into the hole. 49 of 50 states, face massive shortfalls in bank rolling their public workers pensions and altogether the states report coming up more than $340 billion short. but the national bureau of economic research says the short fall isore like $1.9 trillion. bill: wow. here s a sight we haven t seen in almost three weeks. protesters in wisconsin state capitol building in madison, have cleared out. this is videotape, in a moment you see a live look, last of the pro union demonstrators left last night hours after a judge ordered them to go. their departure capturing 17
they ve been on the rise, so the national average is at $3.37 a gallon. people are thinking back to 2008 where we saw those $4 and more for the average. places like california and hawaii, they re always more expensive. we re used to that in l.a., but not for the rest of the country. if you look at how much we re spending, it really does matter. one tells us that when you see just a 25 cent increase for a gallon of gas, then americans are spending $3 billion filling up and that really does make a huge difference for a lot of americans. if you have a mom and pop shop and you re selling fruits and vegetables there, you re finally just getting your consumers coming back. you don t want to pass on that increase to them because you want to keep them coming. but then that means maybe you re not hiring a stock person which factors into spending habits.