Stay updated with breaking news from 04 33. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
so many people who are just like saying tell us we are or are not in a recession and i keep saying there is not a switch that says yes or no. it is much more complicated than that. and it depends on who you are and where you are in the economy. i will say that we had gas prices falling for six weeks now, and overnight $4.33 a gallon, still higher than last year. but those record high gas prices are in the rearview mirror, pardon the pun. does that help up canner confidence do you think? you know, i think it does although i saw an interesting chart yesterday saying that consumers are conserving gas more than they ever have since like 1966. so people are definitely still i think thinking before, hey, let s drive 12 hours. maybe they are doing a staycation, maybe they are driving a one tank trip. i know that i am. i m thinking about those kinds of things. so, yeah, it helps but the sense of inflation is not going away ....
Person looking for a job in this country right now. and people job-hopping are getting double-digit salary increases. the job market showing signs. overall, very strong. we re looking at gas prices cooling off for six weeks now into the seventh week. that is a big deal. on the way up, we screamed about inflation and high gas prices and how it s hurting people. now, on the way down, i m not sure it s going to have the same impact for helping people feel better about the economy. but it does take some of that pressure off of households, 4.33, the national average. look how much it s come down, almost 60 cents in a month. that s a big swift move here and there s some that think it s going to keep falling. so, where we are, no one knows. the street signs are pointing every which way. so, i understand the recession obsession in this country right now, but for most people, if you have a job, you know, your money in a 401(k), right, you re ....
Declined for a third consecutive month. and consumer s assessment of the current situation, the current business environment, that fell sharply. the conference board said that is a signal of a possible slowdown in the economy of serious recession risks. what s interesting is that this latest decline in consumer confidence is occurring at a time when gas prices have come down significantly. the national average is down by 69 cents from the record high, down to $4.33 a gallon. that s not cheap, but it s moving in the right direction. this is not about prices at the pump. inflation is an economy wide problem. consumer prices went up in july in june rather at the fastest pace in more than 40 years. this is a problem at the supermarket, restaurants, car dealerships and causing problems for major companies. walmart just issued a rare profit warning, saying their customers are being impacted by high food and fuel prices, and it s forcing walmart to cut ....
Under control by raising interest rates at a time when gas prices are starting to move in the right direction. the national average is at $4.33 a gallon. that is not cheap but it is down 17 cents in the past week. 69 cents down from the record high. the white house, we know, has been laser focused on the issue. president biden releasing unprecedented amount of emergency oil from stockpiles. this new analysis estimating that the president s moves to release emergency oil combined with moves of other countries has dropped the national average by 20 to 40 cents a gallon. john, clearly consumers are still concerned about inflation not just at the gas station. the grocery store, rent, the car dealership, the mall. it continues to erode confidence right now. matt, thanks so much. let s continue the conversation and joining us to help, gina from the new york times. i mentioned it s a big week for ....
Event that attracted a lot of grateful drivers for the two hours that it lasted. though it mostly people still had to pull out the wallet to top up their tank. here s a look at how much it has cost them to fill up some of the most popular vehicles and america with today s national average of $4.82 a gallon. it s on the $64 to fill up a toyota corolla compacted bestseller florida bread the nissan altima a midsize car will run about $78. and the ford f150 pickup truck, the top-selling vehicle and 19 states will set you back nearly $111. to fill up a 23-gallon tank, i would spread all depends where you live with the most pain at the pump here in the west. california has the highest gas prices at 6025 cents a gallon followed by hawaii and alaska. well over five bucks along with nevada and oregon. it is a lot cheaper to fill up in the south. georgia and south carolina looking at about $4.33 a gallon. mississippi and louisiana right around there. ....