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With us chief business correspondent christine romans. big producers trimming production just at the time when global demand is up. it s a sweet spot for you. if you look at $70 a barrel of oil this caught a lot of experts by surprise. they forecast really 55, $57 for the first quarter of this year. now you have it above 70. that will mean you will feel that the summer even before recent speculation about the president pulling out of the iran deal you have government forecasting $2.74 a gallon for summer gas this year. compare that with last year when it was $2.41. gas buddy tracks gas prices at gas stations across the country. they say add 30 cents to the gallon of gas if the u.s. pulls out of the iran deal. that would mean just over $3. iran wouldn t be exporting oil legally. who knows what it would look like. ....
ainsley, heather good morning. just as the weather warms up you pay more for gasoline. naturally the price is up $0.02 overnight. probably paying 2.41 today. the reason oil prices have risen five days in a row. yesterday if you look at a barrel of oil it was the highest point this year about $56 a barrel. the reason for that is the government said oil supply didn t grow that much. beautiful day yesterday. all of the house of cards bloodline it is paying off for netflix. between january and march netflix signed up another 4.9 million people the strongest quarter yet. worldwide it boasts 62 million subscribers. investors are cheering. by the way bloodline really good show. the web site that encourages ....
January, surged close to 6% in february fell in march. swings have become the norm and that could continue. the fed s looming interest rate hike. cheap gas saving you hundreds of dollars. the average price for a gallon of regular, $2.41 today. that s more than $1 cheaper than this time last year. the white house forecasts that the typical household is going to save about 750 bucks at the pump this year. but what are you doing with that? americans aren t spending it they re pocketing it. that s a big disappointment to businesses expecting a boost from cheap fuel. but, you know for your personal economy, paying down high-interest credit card debt and saving your gas savings, probably a pretty good idea. here s where are people are spending money, on prom. according to a new survey the average price tag for prom is $919 this year. why are you giggling? because i think we should go to the prom. the news prom. this includes the cost of tickets, clothes, limos, ....
Let s get an early start on your money this morning. cheap gas is saving you hundreds of dollars. the average price for a gallon of red, $2.41. that s more than a dollar cheaper than this time last year. the white house says the typical household will save $750 at the pump this year. but americans aren t spending that savings. they re pocketing it. that s a big disappointment to businesses expecting a boost from cheap fuel. but here s where people are spending their money, on the prom. the average price tag for prom this year $919. this always surprises me every year. that s a lot of money. that s tickets, that s clothes, limos, flowers, pictures food. axe body spray. got to buy a lot of axe. speak for yourself. the number even more surprising when you break it down by income. families with less than $25,000 plan to spend 1400 bucks. ....