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the roads are going to be packed as summer kicks off this weekend. aaa expects more than 37 million people will be hitting the roads, hopefully not all of them in new jersey where i m going to be. that s up by 6% from a year ago. but i am here with some good news, and that is despite the rising number of people on the roads, the cost of road trips is actually going down. drivers across the country are being greeted by cheaper gas prices than last memorial day weekend. a lot cheaper. on average, a gallon of regular gasoline sells for about a dollar less than a year ago, according to aaa. the national average is miles away from that record-high of $5.02 a gallon set last june. gasbuddy says gas prices are down in all 50 states. california, alaska, new york, new york stock exchange are among those enjoying the biggest price drops. ....
Delays. off to a relatively smooth start, thank you. and if you re getting on the road, there is some good news. it is going to cost you a little less to get to your destination. cnn s matt egan has more. reporter: the roads are going to be packed as summer kicks off this weekend. aaa expects that more than 37 million people are going to be hitting the roads. hopefully not all of them in new jersey where i m going to be. some context around that 37 million figure, that is up by 6% from a year ago. but i am here with some good news. and that is despite the rising number of people on the roads, the cost of road trips is actually going down. drivers across the country are being greeted by cheaper gas prices than last memorial day weekend. a lot cheaper. on average, a gallon of regular gasoline sells for about a dollar less than a year ago. according to aaa, and the national average is miles away from that record high of 5.02 a ....
Hit by these missiles. we will leave it there. abdujalil hit by these missiles. we will leave it there. abdujalil abdurasulov, - it there. abdujalil abdurasulov, thanks forjoining us, abdujalil. mortgage costs are rising, after higher than expected inflation figures this week. the big question now is how much interest rates might go. there are expectations the bank of england will lift them higher than previously thought, in an effort to slow the rate of inflation. our business correspondent, marc ashdown, is here. nationwide is britain s biggest building society and a major mortgage lender. from today, its rates are going up for new borrowers and those looking to re mortgage. things are going to get more expensive. they are not the only ones. other big lenders, like halifax, lloyds and santander, have also put their rates up. the average deal for a two year fixed rate mortgage is now 5.35%. for a longerfive year deal, it s 5.02%. analysts say the market has settled down since the mi ....
Roads are going to be busy as summer kicks off. aaa says a 6% increase in road travel this memorial day weekend, but i am here with some good news because despite the rising demand the cost of road trips is actually going down. drivers are being greeted by cheaper gas prices this year, much cheaper, the national average is $3.57 a gallon, down by more than a gallon from the $4.60 years ago, miles away from the record high last june of $5.02 a gallon. gasbuddy says drivers in all 50 states are seeing lower gas prices, some of them a lot lower. in california the average is down by $1.31, new york, new jersey, florida all down by more than $1.20 from a year ago. ....
It s stoked concern that the bank of england will have to continue to raise interest rates for longer to try to reduce inflation. our business correspondent, marc ashdown, is here. nationwide is among lots of mortgage lenders who are putting their rates up. for new borrowers and those looking to re mortgage, the average deal on the market for a two year fixed rate mortgage is now 5.35%. for a longerfive year deal it s 5.02%. that s bad news for anyone looking for a mortgage deal, like self employed blacksmith ian in dorset. it looks as though our repayments are going to be an additional £400 £500 each month. this is particularly unwelcome news after a very difficult winter, with food, fuel price increases. the main driving factor here is the inflation rate. that s how fast prices are rising. ....