average for a gallon of regular unleaded, $3.67. that s up six cents from last week and a spike of 20 cents from this time a year ago. in hawaii, filling up costs the most. $4.35 there for regular. it s a little more than a buck cheaper in south carolina. home to the lowest gas prices overall, aaa expects prices will continue to tick up everywhere in the days ahead. contributing factors pushing up the costs of crude oil and gasoline include increased summer demand, the unrest in egypt and production hiccups here in the u.s. and some other countries. still today s average price is nowhere near the highest ever recorded average price. aaa says back in mid july of 2008, it hit $4.11 a gallon. i paid $4.45 yesterday for premium. the stock market ticking up again after setting some new records last week. nicole is live in the new york
be included on labels. the ruling is temporary and they will soon decide whether that will be permanently on cans and bottles and a more permanent decision made later this year. maybe aly will stop drinking so much. thanks. summer is here and more people firing up the grill but the rising price of beef has gone up 5.3%. hamburger meet even more expensive. 9%. 9%. what cuts are worth your hard earned bacon? oh, bacon. ray is a meet consultant for fairway markets. he joins us this morning on the plaza. nice to see you. welcome back to the show. you brought meats people usually don t associate or throw on the grill because we don t talk about them all that often. they might be tastier and cheaper. absolutely because of lack of summer demand. let s start with the beef
out, going one store, do all of it at the same time. gas prices are expected to come back down once the gas refineries are back online and that summer demand cools off a little bit and kids head back to school. bill: that has got to hurt, don t you think? martha: ouch. bill: pulling up there. 90 bucks, wow! in 2008 he was mr. hope and change. voters were fired up for a new era but as we start this 2012 convention polls are showing that republicans are more motivated to vote, even the president s most senior advisors are aware of the hurdles ahead here. nobody is sitting up here saying this is 2008. i mean what s happened since an election in 2008 and right now, again is this huge economic calamity caused by a series of bad decisions that were made before the president ever got there. look, this election was always going to be close because we live in a closely divided country. i remind people all the time just four years ago, everyone was talking about the president s landslide
gallon in february. this is the highest february price ever on record. so we re starting at a high level and it s probably going to, because of summer demand in iran. it always does. steve, you hit it. there it is right there. when mahmoud ahmadinejad puts the switch on his new on their new nuclear enrichment facility, he basically tells the world we re here, we re going to develop not only power but likely a nuclear weapon. israel is saying no. israel is threatening to bomb iran. so all this tension in the middle east that accounts for 40% of the world production of oil, all that tension pushes prices higher. you remember when barack obama was running for president of the united states and the price of gas during the bush administration was high. somewhere between $2 and $3 a gallon, wouldn t that be great? barack obama demand then a senator, demanded that the ftc look into price manipulation. he also urged the department much justice to look into whether or not launch an
for example, some analysts are saying that the elements that are driving the gas prices now are still in place, that is to say a weak dollar, continuing turmoil in the east, add to that the summer demand and maybe a hurn season that could put challenges and pressures on gas prices, the analysts are saying we could approach or even exceed $6 a gallon. you have a big suv, a luxury car that gets 12 miles a gallon. at that stage, at $6 a gallon, you will be paying $30 an hour to drive your vehicle. that kind of simple math is driving people nuts here and everywhere from coast to coast. thomas? i can only imagine. but sign me up for that car wash because that s actually affordable there even if it is raining. we heard the president say he s looking into this. how much can he really do to affect and bring these prices down? reporter: you know, it would be a shot across the bow if there were other people doing the same thing, speculating and bidding on higher pricinesprice cetera, but to