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What rare moments, and most of that spending ran off, ok. the trouble is, joe biden has continued the spending. sandra: he did not stop it, the emergency was over and we were still spending. that s right, and that s what generated the inflation and generated remember, the rate of prices has slowed, but the prices are still rising in key areas. grocery prices are still rising, gasoline prices are back to 3.85. car prices, used car and new car prices. sandra: as a result, credit card debt is soaring. mortgage rates i didn t hear this last night. actually, tim scott had a good knock on it, ok. i don t recall the others we were just looking, playing the word game upstairs. the word bidenomics i think only guy that used it was senator tim scott. pence cut taxes, i love that pence talked about tax cut. he was the only one. i thought that was a good ....
On the resiliency of the consumer spending power after an earlier washing that the americans are spending more on the necessities and less on discretionary purposes, that the retails is a way for the federal reserve s decision whether to raise rates next month. you see that they closely. and u.s. fuel prices been fraudulently moving higher. and now they re at their highest level in nearly ten months. we look at why. reporter: don look now, but u.s. gas prices are creeping towards $4 a gallon. the national average hit $3.85 on monday according to aaa. that is the highest level in ten months. and the good new is that the ....
Thankfully been found alive. the coast guard says the group was rescued 46 miles southeast of cape fear. they left on sunday for a diving trip on a recreational boat around noon. later that day the coast guard was alerted they had not resurfaced. details on the rescue not yet clear, but photos released by the coast guard do show tearful look at that there. family reunions. also gas prices are edging toward $4 a gallon. the national average for a gallon of regular gasoline, $3.85 now. the highest level in nearly ten months. coming just as millions of americans are planning road trips for labor day. aaa says there are 11 states averaging $4 a gallon gas and higher already. that includes arizona, illinois and utah. and mark zuckerberg says he is throwing in the towel on his cage fight with elon musk. that was a real thing. the meta ceo posted on the threads platform, of course his ....
Rubles to a dollar. lost your mutual fund? putin is a and a thief. i wanted to begin with the u.s. economy, the one-year anniversary. gas prices are soaring once again. the average price of a gallon, regular hit 3.85, up 28 cents from just one month ago. how worried are you about this , secretary? of course this is an area of uncertainty but we re certainly well off the highs. and more broadly inflation has ....
It s hotter in general which means those refineries get hotter quicker and it s a vicious cycle, jose. it was of course a lot worse last summer the hope that it doesn t spike even further but as we have been speaking to experts we expect another seven to ten-cent increase maybe along the lines of $3.85 before the driving season ends. it will get worse before it gets better. that s what we re hearing. the only advice if you don t have to be in your car especially here in california don t be. find another way to travel. jose. steve patterson in los angeles, thank you very much. this afternoon, stocks are poised to close higher for july as the month wraps up today. and this week marks another busy slate of earnings reports with apple and amazon s quarterly updates coming on thursday. ....