the president caps more of our strategic oil reserve and continues his war on fossil fuels. todd: while you are paying more for gas, the dallas federal reserve said the average americans like you have taken the steepest drop in more than 25 years under the biden administration, of course, also in quote the majority of workers real inflation-adjusted wages have failed to keep up with inflation in the past year. for these workers, immediate decline in real wages is a little more than 8.5%. carley: as gas prices soar, inflation skyrockets. the average price for a gallon of gas $3.89, but that won t stop president biden from economic achievements. since i came into office our economy has created 10 million jobs, 668 manufacturing jobs, proof that made in america is no
todayens average for a gallon of regular sitting at 3.89. there is concern that the reduction cut it send fuel costs soaring. the white house says they are looking at options to rein in opec s control over energy prices including legislation and also other foreign sources of oil. for now, the white house is hoping that the impact doesn t come to worse case scenario. i fully speculate as you all know the difference between the headline of what the opec members announced yesterday with respect to their quotas and the actual impact on production is something that we ll have to see in the market and certainly the impact on production will be significantly lower than that. but today the president is headed to hagerstown, maryland to deliver remarks on natural manufacturing day. is he going to say it could all be worse if the g.o.p. wins in the midterms. we got a preview of his remarks. he plans to say republican also worsen inflation, raise costs for families. and give tax breaks to the
after the jobs report will likely show softened growth in september as the federal reserve rate hikes take effect. economists are projecting the lowest monthly increase since december of 2020. guys? will: all right. jacqui, thank you so much for that can you imagine attempting to win a midterm election with this combination of factors? last i saw was it august inflation 8%? i don t know that we have yet seen the numbers for september. we will get jobs numbers for september. i believe in the course of this show. so within the next two hours or. so so, inflation and now looking at rising gas prices. because of the saudi arabiaen cut off global supply and oil. where are we today? i think it s up 3.89 today. jacqui just had in her report. 3.89 today that s up. ainsley: up from last week. will: california, new york, way more. inflation, gas prices. you have got a horrible
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
gas is down 70 days in a row. that is the second longest streak of falling gas prices on record going back to 2005. at $3.89 a gallon, it is not cheap, but they have fallen by more than a dollar from record highs set just two months ago. and you actually have 15 states where the average is 360 or below, that includes iowa, florida and texas. now, this is great news for families who are dealing with sticker shock at restaurants, grocery stores, and at shopping centers. now, as far as why this is happening, a lot of different factors at employer,play and no positive. $5 proved to be a breaking point. some people decided to drive less and that was a painful experience for many, but it did help balance out the market. at the same time, there is all