and get this. some stations are charging more than $5 per gal. now if you don t live in california you are in luck but you re still going to have to pay. the national average is now $3.81. and that has everyone feeling major pain at the pump. when i was pulling in, my little gas tank light went on. as i was pulling in i thought it was going to cost a lot. i had no idea it would cost this much. i can t fill it up because they have $100 restriction on most gas pumps. it s outrageous. it used to be under a dollar back in the 80s. now it s close to $5. reporter: now, if you re wondering why such sky-high prices in california, there are several factors. there was a brief power outage at a local refinery earlier this week, and gas inventories are at their lowest points in this state in more than ten years. now, there is some good news. this is the time of year when
cred for the winner. three major contenders running bus towards, all with the exception of jon huntsman are there. ron paul, mitt romney, michele bachmann and rick santorum have events this hour. we ll dip into the events and delve into the latest campaign intrigues in our fair game segment just about a half an hour or so from now. remember all that fuss about raising the nation s debt ceiling? well, guess what? it is time to ask for the final installment in a series of debt hikes authorized back in august. when we came within just days of a government default. this one is worth about $1.2 trillion, pushing the legal debt limit to $16.4 trillion, and this time the fuss should be less, but not non-existent. the increase can only be blocked if both houses of congress pass a resolution against it, and president obama, for reasons unknown, signs it. none of that, of course, will happen. rick perry s not giving up on virginia. one of several gop candidates who failed to qualif
has there been any progress? they will tell you yes. greta: reviewing the complaint or getting a dollar back? they haven t gotten a dollar back because they ve reviewed. they said they are close, they will move in on that money early this year. greta: has any congressional oversight committee of fema been all over this? there have been reams about this. inspector general who released this figure, plenty of stories about how fema accidentally gave out millions. let s go back five years there was concern about disaster victims were they getting assistance they needed? greta: and i m glad people were helped. the whole review process seems lengthy. ed, thank you. next the best of the rest.
has there been any progress? they will tell you yes. greta: reviewing the complaint or getting a dollar back? they haven t gotten a dollar back because they ve reviewed. they said they are close, they will move in on that money early this year. greta: has any congressional oversight committee of fema been all over this? there have been reams about this. inspector general who released this figure, plenty of stories about how fema accidentally gave out millions. let s go back five years there was concern about disaster victims were they getting assistance they needed? greta: and i m glad people were helped. the whole review process seems lengthy. ed, thank you. next the best of the rest.
and driving down costs and make sure they really understand that. because that s what the american people want. understood. let s switch to financial regulation. if the president is charlie brown s teacher, in our view of things, senator cantwell obviously with good reason disagrees, the white house spin machine would like us to think tim geithner our treasury secretary is charlie brown, the poor unsung hero of our country s economic rescue. but in our view, mr. geithner is anything but charlie brown. in fact he looks more to us like lucy, facing as you probably know harsh criticism of his handling of the financial crisis. mainly that multibillion dollar back door secret bailout of aig, funneled through aig to deutsche bank and all of those firms. and the unemployment rate hovers around 17%. and geithner, of course, has the nerve to make comments like we saved the economy. but we kind of lost the public doing it. that whon makes me laugh.