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$0.14 over the past month. and depending upon where you live, some drivers are seeing even bigger drops. we ve seen declines of more than $0.25 a gallon for oregon, arizona, and tennessee, more than $0.30 in california, nevada, and utah. that s over just the past month. and veteran oil analysts andy lip out, he told me that the national average should drop by five to $0.10 a gallon over the next few weeks. now, of course, the stakes here are huge because as you mentioned, we re in the middle of summer driving season. americans are hurting from high inflation. so consumers, of course want and need a break from high prices. also, there s economic implications in terms of when the fed can start to lower interest rates. and then there s the political implications as we know, voters do not like high gas prices. and so this is something we need to keep a very close ion, jessica. all right. matt egan for us. thanks so much for that reporting.
jessica, this hearing went on for nearly four hours and in a lot of ways, it retread through many of the areas that fauci has been attacked on by republicans for year is we should keep in mind fauci retired back in 2022, but this is part of it a months-long investigation that house republicans have conducted into the origins of covid and the government s response to the pandemic. they sat with dr. fauci back in january over the course of two days for about 14 hours. but there were still a lot of fireworks from republicans today. here s marjorie taylor greene making up guidelines like six feet distancing and masking of children. do you think that s appropriate to the american people deserve to be abused like that, mr. fauci, because you re not dr. your mr. fauci and my few minutes no, i don t need your answer. to quorum. are we allowed to deny that a doctor is a doctor just because we don t want him to be a doctor yes.
that country is now claiming that it hit a missile system inside russian territory, territory using western weapons is of course, coming after president biden gave the okay for them to use those short range weapons to do so, this seems pretty significant. it is, and had it not been for the size of gaza tragedy and president s announcement, i think what he did on thursday would be recognized as a much bigger, more significant change in the nature of the american involvement in ukraine or potentially so what the president has always said until thursday is, no matter what the circumstances us weapons cannot be used against the russians. in russian territory he is now saying in a limited area, right around kharkiv, you can use them. but we also know that secretary of state antony blinken and others have dao
you are loved one who has been diagnosed with mesothelioma call us now the opec oil cartel has just agreed to a new deal that could have far-reaching implications for the global energy markets. cnn s matt egan is here to explain what it could mean for gas prices here in the us. and matt with some are upon us a lot of people really care about this yeah, absolutely. jessica listen, opec plus they ve been keeping supply low. they re trying to engineer higher prices. their supply cuts amounting to about 6 million barrels per day. that s significant almost 6% of world demand now, opec plus was scheduled to unwind those supply costs, essentially add new supply to the market as soon as next month. but if they did that, that could have caused prices to go down and they don t want prices to go down because they ve got budgets to balance. saudi arabia s even selling