shortage, all of this, as well as title 42 set to expire in a few days. and twitter announcing that it considers crisis misinformation. what could that mean for you? also your right to speak freely? hate crime hoax author joins us in just a bit. and two teenage girls found murdered near a popular hiking trail, there is a search warrant that reportedly had been used in the case and had been obtained by a true crime podcasting team, fox news at night investigates. and first, gas prices. boy, we know all about that as they are breaking records each and every day. and just wait because it is expected to get a lot worse in the days in the weeks to come. jeff paul has more on that. reporter: that s right, gas prices around the country continue to go up as we have new records, every way we look including here in california, the state average is more than $6 per gallon and some analysts are saying that the rest of the country could be headed that way as well by the end of the summer.
past 11 days in a row. american families forced to spend an average of $5,000 a year on gas compared to $2800 a year ago. interior secretary deb holland refusing to concede it is too big a burden to bear. americans are still recovering from this terrible pandemic and there are a lot of other world events that are making things difficult for all of us. so it sounds like you are unwilling to say that gas prices are too high. we re doing all we can, senator. dana: grady trimble is following the story from chicago. good morning. good morning. gas prices are expected to keep rising this summer so when interior secretary deb holland wouldn t acknowledge in that hearing that gas prices right now are too high, it certainly raised eyebrows. we re doing all we can, senator, production on federal lands is up. it s a 45% increase from 2020. that s new drilling. that s up. but the production is also up. it s at an all-time high. president biden is allowing drilling on federa
all three major industries are down double digits for the years. the mounting losses will deal a blow to your retirement funds and your pension fund and we could go lower, dana. dana: a bitter pill to swallow as the cost of living is skyrocketing. the average price of gas now $4.58 a gallon up more than $1.50 from a year ago. bill: making matters worse the cost of rent hitting a record high in april. landlords asking for more than 1900 a month on average. dana: demand for mortgages is plummetings with average rates at a high. the new york post calling it joe s train wreck. bill: aishah hosni with a lot to cover from the white house on the north lawn. good morning. america is waking up and breaking all sorts of records in all the wrong ways. as of this morning the white house coming up with no new solutions outside of what it has already done and tried. take a look. let s start with gas prices here. shot up another 2 cents overnight to a new record high of $4.58
tuesday. the winner will face john fetterman who won the nomination from his hospital bed after pacemaker surgery. that pennsylvania race and others have been largely seen as a referendum on former president trump. but whether or not his influence has a hold on the republican party, still very much up for debate. let s go to north carolina now. trump endorsed the encumbent, but to no avail. there will not be a second term for madison cawthorn. in the pennsylvania governor s race, doug mastriano, a win, although he was ahead in poll before the trump endorsement. david chal-ian joins me now. the pennsylvania primary, let s talk about the outstanding votes first. take a look at where we are. this is about a 2,400 vote race. that s how many votes mehmet oz has in front of david mccormick. where are we looking? one key place is lancaster county, pennsylvania. we know there are potentially thousands of votes out. you see 87% of the estimated vote is in, so that s a big chunk of v
investors a scare by reporting a stunning drop in earnings, largely because of supply chain turmoil and rising costs. target lost 25% of its value today alone. its worst day since black monday in 1987. this comes a day after walmart sounded the inflation alarm, also suffering its worst day since 1987. the big concern is companies are having trouble passing along higher costs consumers and that perhaps corporate profitability has peaked. that s normally something you only see during big economic slowdowns. put all this together, you have the s&p 500 losing the most in one day since june of 2020, in nearly two years. the nasdaq plunging even deeper into a bear market. i should note markets were up big yesterday, but the wild swings really speak to the deep uncertainty about what comes next for the economy. and matt, a new conference board survey suggests, you know what, let s move on. matt egan, thank you so much. turning to our politics lead and an election cliffhanger in pe