onslaught, we are getting, fox corporation, the parent of this company, seeing its stock tick up nominally right now, better-than-expected revenue and earnings, advertising revenue rose about 4%, a lot of people closely as a sign of future activity and the appetite on the part of companies to advertise, period. fox, of course, is also carrying this year s super bowl. all ads, supposedly, sold out now, with days to go before the super bowl itself. also announced it is buying back more of its stock. a new $3 billion commitment to that plan, on top of the $4 billion already committed to doing just that, buying back stock. do that, stocks go up. you don t do that, it bothers you why you didn t do that. that is a trend. we will have more after this. di. despite treatment it disrupts my skin with itch. it disrupts my skin with rash.
reserves, we could get from the gulf alone. sandra: three seconds. we know there would be more energy supplies if companies did not buy back stock. a lot of refineries. sandra: how about an energy friendly environment in the united states, that would help. this was fun, appreciate both of you here. our friday econ panel. and john, if i could put it up on the screen, gas prices under this president when he took office, gas at 2.39. today, 3.50, up 46%. we are talking about it going potentially, according to energy experts, $4 a gallon and you look at the spr that our econ panel was just talking about, and look at this line chart and that is where we are today. 400. incredible. started about 700 million. john: a lot of stations where i live are up to 3.80, and don t get us started on california. great to see david asman again.
shut down a major pipeline and the united states government helped blow up on the pipeline from russia to western europe. on wednesday, biden insisted that the government of energy the rise in it has nothing to do with him. here s who he blamed. because of putin s invasion of ukraine the price of oil and gas increased dramatically. the petroleum reserve is more than half full with 400 million barrels of oil. that s more than enough for any emergency draw down. american energy countries don t use your profits to buy back stock while a war is raging. use them to increase production and refining. invest in america. for the american people. bring down the price you charge at the pump to reflect what you pay for the product.
million barrels of crude oil from its emergency supplies. the release is meant to prevent prices rising after the oil producing nations, led by saudi arabia, said they would cut production. speaking in washington, president biden called on american oil companies to pass on lower prices to consumers. my message to the american energy companies is this. you should not be using your profits to buy back stock for dividends. not now. not while a war is raging. you should be using these record breaking profits to increase production and refining. invest in america for the american people. bring down the price you charge at the pump to reflect what you pay for the product. stay with us on bbc news. still to come: we ll tell you why these ancient rock carvings in the iraqi city of mosul are being celebrated by archaeologists.