striegss are trying to recoup their losses from the massive increases. we re not talking about stations making money hand over fist, but they are passing along the lower prices slower to recoup the margins to sustain their business from when prices went up and they were caught on the wrong side of things. reporter: the next milestone we will see when gas prices hit $3.99 on average for a gallon of regular. pat patrick te hahn of gas buddy say we can see that in the next couple weeks. the other big question is whether or not we ll see gas prices like we saw in the peak of the pandemic. he says not likely. what we re seeing right now, even though this trend could continue, is likely the new normal. jake. pete muntean, thank you so much. appreciate it. we re following another major economic story. credit giant equifax issued wrong credit scores for millions
fargo that shows that energy earnings, this would be the companies the produce the gas that goes into our gas tanks, are going to grow by more than 200% this quarter. how does that factor into what americans are paying at the pump? is this about supply and demand or energy companies trying to take advantage of the situation? well, ryan, there s no doubt that energy companies have been taking advantage of inflation to raise their prices, you know, as high as they possibly can. these big oil companies are making money hand over fist. they are showing record profits. there s absolutely no reason they ought to be raising their gas pump prices as fast and as much as they are. that s why we need a windfall profits tax. even the conservative government in britain has passed a windfall profits tax on oil companies and we ought to do the same thing here. democrats have been trying to convince senator joe manchin to
are endemic all around the world. i m not saying do nothing but what we can do here is focus on those industries where you have the greatest kind of profit push prices, that is where you have profits that are so out of line and we have a lot of industries like that, only oil is the big oil is raking it in. there ought to be an attempt to have a windfall profits tax. you look at the last five years you say if there are extra profits above what we ve had the last five years in this industry we re going to tax them so the industry doesn t have any incentive to continue to use a kind of price gouging of consumers. and that s what s going on. you see it also in food, you know, tyson food a lot of big food processers are charging a great deal of money. they re making money hand over fist, they should not be imposing that cost on consumers right now. can i ask you on the windfall
play. members of congress are considering additional spending which would include funding for countermeasures for covid-19 including antivirals, increased testing capacity, more prep for future variants and other priorities. critics charge this is a lip service to real problems like inflation, the border crisis, even covid testing shortages all the while grabbing obscene amounts of cash from congress under the guise of more coronavirus relief and then doling if out to democratic doling it out to democratic special interests no oversight, accountability or tracking of where the money went, how it was spent or whether or not the funds actually produced the desired outcome. a tug-of-war here in the nation s capitol. that leads for some lawmakers with their hands already chalked. it means it s time for a fight. they want to spend money hand-over-fist and not telling the taxpayers what they re