a tight oil supply. the national average cost her gallon is $3.93 up $0.12 from a week ago, $0.20 from a month ago and likely to keep rising after opec plus said it will pull 2 million barrels a day off the market. when i read 3.91. last week it was something else. it will hit people in their spock et books. bill: a lot of people noticed this. 12 minutes past now. the democratic president of the l.a. city council under fire over leaked audio. what she says that has some people calling for her to resign immediately. dana: the border czar ignoring the border on a trip to texas of all places. the v.p. and administration have abandoned them. bill: scary moments for the republican who wants to be the next governor of new york. crime is a big story in the city and state. what happened outside of his home yesterday where his
it is now, and what they saw starting to happen was oil prices falling, in part because of lack of demand that as the world moves into a slower economic growth, possibly a recession. demand for oil tends to go down, and you re seeing that especially also out of china and on the other side of the coin, the russian oil supply has not been cut at all. almost every barrel is finding its way into the oil system. prices are starting to fall, and the saudis and other members of opec plus stepped in, and said we want to stop this and get oil back into the range we like and the consequences could be maybe $0.20 a gallon on the price of gasoline and heating and so forth for american consumers. steve, it s fascinating, you look at the timing of this, one month before an election. you look at the fact that joe biden caught a lot of grief for going over and visiting the saudi leader, a guy, of course, accused of murdering a
happy about it. reporter: across the country, scott macfarlane has been in the heating. it s going to be a tough winter for everybody, the consumers and anybody in business. adding insult to injury for families struggling with soaring inflation. let s bring in former treasury official and morning joe economic analyst, steve rattner, what s the economic impact for americans? of the opec, prices are going to go up. $8 a barrel roughly $0.20 a gallon as it filters through the system. this is the saudis trying to manage oil prices. they re the drivers. they d love to keep oil prices in a band of 80, 90, up to $100 a barrel which is roughly where
sean: welcome back to hannity reporting from palm beach mar-a-lago i asked president donald trump to weigh on and on joe biden s policy failures let s take a look. sean: when you left the presidency gas was $2 in my $0.20 a gallon. president trump: it was actually less if you go back to the date of the election to go back to november 3rd and go to january. it was less than $2, but during that period was a dollar 87 during that period it was also a dollar 50. we had gasoline aminos incredible. sean: our borders were secure energy was cheap you leave office the consumer price index the inflation measure is 1.4%, now it s like seven months in a row and 8.4%?
If you're one of the millions of people who have watched John Stossel's incisive and hard-hitting reports on ABC's 20/20 over the years, you know that he's one of the best reporters in the business. But you may not know that he's also an entertaining speaker one who knows how to bring a crowd to its feet with a unique blend of truth and humor.