carolina. alabama is just behind at $3.06. if this keeps up and it probably will, we ll be down to a $2.90 range in half a dozen states. it s coming down because we are using less and there is an increasing supply. it s the only good piece of economic news we have got. if you want to dig deeper you can say the decline in oil is because of a slowdown in all the major economies in the world. that s the negative. but let s not rain on this parade. it s wonderful news for everybody that gas prices are down 50 cents a gallon in eight weeks. bill: the expectation is europe
check back with you. bill: the forecasters say the drilling platforms in the gulf should not be affected. the national average for a gallon of regular is down to $3.41. that according to triple aaa. the trend for prices going down since april. stuart varney joins us. what s going on. this has nothing to do with the supreme court. we are actually using less gas now than we did a year ago, but we are refining a whole lot more. result? there is more supply on the market, less demand, so prices are coming down. i mean really coming down. in south carolina the statewide average for regular unleaded gasoline is now down below $3 a gallon. as we say, it s $2.99 in south
happened. bill: when you drop the word lied to or lied about, people want to know. this was a disastrous operation and it appears there was a cover up. i agree with kirsten the question is how far republicans want to push. the problem right now is most americans are concerned about the economy and most people think operation fast & furious is a bad movie, not an issue we should be looking at. i think a lot of people will recognize this comes to accountability and leadership for the doj and the white house. bill: a week ago nobody was covering this. it happens with investigations like this. that s absolutely right. the question is, will we come to a quick resolve on this and will the white house and the doj be
sending it back down to the ninth circuit which struck down all four portions, they say redo it for now, we find three conflict with immigration law, one we are not ready to say that now it goes back to the ninth circuit. bill: just to summarize, three of the four key provisions in senate bill 1070 have been ruled invalidated, essentially struck down, correct? so if three of four have been ruled invalidated, which one still stands? make it leer? the one that stands is the one where police, if they stop someone and they believe another violation, say speeding, driving without a driver s license or a robbery, any kind of other crime, if they ve stopped you for some independent crime and during that stop they find reasonable suspicion to believe that you re here illegally in this country, they have a duty under this law to determine your immigration status. that is the one that the court didn t out right say is struck down because it conflicts or overrides federal immigration law. that
that legal challenges to sb1070, the state of arizona will continue. i take it from your answer you agree with that also. i do, bill. i think there is something else to think about here. the obama administration has manufactured a new legal argument called the careful ballot theory. that s in their brief, it s in their case. and that covers these three section has have been struck down. in other words, they have said that if a state decides to pass or enforce a law that unbalances the president s idea of the balance between foreign relations under the secretary of state, homeland security, department of commerce, you name any cabinet position that is there that the states should not be interfering with that. congress gave no careful balance directive to the executive branch. this is another case of the presiden president refusing to uphold his oath of office. and that is part of this discussion here today too that i think needs to be threaded into