thank you for joining us. let s get into the gas prices and where they can stand. if we pull this graphic up as it stands a gallon of gas in the u.s. $3.58 yesterday, $3.57. or we could go $3.54. obviously, not a big change, we are talking pennies but it is starting to tick up summer. where do you see these prices going in the coming months? i m afraid they will be going higher. perhaps a lot higher. if we look at the job the u.s. industry has done to keep prices under wraps, it is amazing. producing gasoline at a record pace. we have added refining capacity to keep up with demand but they are not getting any help on the way here at new regulations by the biden administration have closed inventory low and not able to build them up like they used to. if you look at gasoline inventory today in real terms the lowest level since 2016.
because that is less than 15% of the budget so nothing is happening. this has a lot of drama for no reason, but i m glad there was not an incredibly forest error. sorry. arthel. arthel: hang on for me, steve. when you start talking about cutting social security and messing with medicaid, that is problematic. okay but they did not have anything on the table. arthel: what about the tax incentives on the table for people who are really, really wealthy? what about those? i mean, that was a nonstarter for the g.o.p. let me add to this, biden came in and spent five to $6 trillion after the covid crisis was over that was the spending pinches in american history and the most responsibl. periods financial for the country.
about the biden families business dealings? jonathan turley to tell us allla about it coming up next. ard from the plains to the coasts, we help americans invest for their future. and help communities thrive. need relief for tired, achy feet? or the energy to keep working? there s a dr. scholl s for that. dr. scholl s massaging gel insoles have patented gel waves that absorb shock to hard-working muscles and joints, for all-day energy. (vo) if you ve had thyroid eye disease for years and the pain in the back of your eye is forcing bad words from your mouth, it s not too late for another treatment option.
given the volatile circumstances we are making adjustments to our plans removing items at the center for most significant ontruzant confl behaviors. several stores received from threats since that decision. thankfully no one has been hurt. the ceo supports the pride community. back to you, arthel. arthel: nate foy, thank you, nate. you got it. bill: two days away from major meeting about the biden family business dealing. fbi director christopher wray to speak with over house site committee james comer, one day after the deadline that gave with a an internal document. the document shows vice president biden involved in a criminal scheme. and jonathan turley fox news contributor and gwu law professor and professor of law attorney. so, look, does this mean it will
worse for overall cost of a program like that. i think it is unfortunate the president opened the door to this. if this is another round of sequestration not only will i vote no but not intimidated by june 5th. bill: president biden and house speaker kevin mccarthy reaching a deal on the debt ceiling after a hard-fought negotiations. now the biggest hurdle will be getting support from both parties to actually pass this thing. more on that, texas republican congressman lance gooden it s as of now and decided how he will vote. thank you so much for your time. the text came out last night and i know you and your team have been reading through it but where do you stand now? i would like to get there but i have some issues i m working through. i got the text last night and we had a call on saturday night, late saturday with spea speaker mccarthy and we expected text sooner than than we thought.