praising compromise and declaring victory after reaching tentative agreement on the debt ceiling and out comes the tough part. selling the build to the lawmakers about to vote on it. welcome to the special memorial day of fox news live, hello, bill. great to be with you bill melugin we thank you for joining us memorial day, house speaker kevin mccarthy on a deal with u.s. default, the full text of the 99 page bill is a bill in the house wednesday and senate vote days after that. party leaders are busy ripping folks but some members both sides of the aisle are now loudly sounding off against the deal. the political panel standing by to debate it all in just a moment but we began with peter doocy live at the white house, peter, or both sides taking a victory lap here? kind of an officials are pleased with the way things are shaking out but they say their part is done and it s up to speaker mccarthy to sell this debt limit increase for free through 2025 to his people. sp
thank you for joining us. let s get into the gas prices and where they can stand. if we pull this graphic up as it stands a gallon of gas in the u.s. $3.58 yesterday, $3.57. or we could go $3.54. obviously, not a big change, we are talking pennies but it is starting to tick up summer. where do you see these prices going in the coming months? i m afraid they will be going higher. perhaps a lot higher. if we look at the job the u.s. industry has done to keep prices under wraps, it is amazing. producing gasoline at a record pace. we have added refining capacity to keep up with demand but they are not getting any help on the way here at new regulations by the biden administration have closed inventory low and not able to build them up like they used to. if you look at gasoline inventory today in real terms the lowest level since 2016.