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Under $103. the national average for gasoline is now, 3.28 a gallon. and that s up five cents in the past week. and of course, oil, and the persian gulf are vital to national security. and tonight, national security correspondent jennifer griffin reports that iran continues to taunt the u.s. about possibility denying access to votes. iran s leaders decided to take another jab at the u.s. military announcing they would no longer allow anymore u.s. aircraft carriers through the strait of hormuz. the threat by iran s defense chief followed ten days of war games at practicing the strait s closure. the pentagon publicly scoffed at the threat, but privately few commanders are laughing. later this week, defense secretary panetta will roll out more man 260 billion dollars in defense budget cuts. the bottom line the u.s. would no longer be able to fight two ground wars simultaneously, a message that iran could read right now as weakness and ....
You want a 15-year mortgage? 3.28% on average. the question is people who are so concerned about the economy or worried about their ability to get a new loan will this do anything to spur what has been a dismal housing market? again, record lows for mort gajs rates. mortgage rates. it may be one of the most exciting finishes ever to the major league baseball season. last 90 minutes of non-stop thrill ride that ended with two colossal collapses. red sox needed one more out. appeared to be on their way to the postseason. but the last place orioles stage a ninth inning comeback and defeated the sox, 4-3. few minutes later st. petersburg, florida, punched their playoff ticket with a longoria solo shot in the 12th. this after coming back from a 7-0 deficit against the yankees. eastern division champs. the red sox led the rays by nine games in the wild card race on ....
It down for us. we started to see gas prices climbing, and now we re seeing it even more, and we ve got the world watching. what s going to happen with the protests in saudi arabia, bahrain. that s tremendous concern regarding those countries as well. it certainly brings the headlines home to you every time you fill up your gas tank quite frankly, and last night, gas prices, the average gas price in this country jumped six cents over night, so that tells you just what the situation is like. i want to be clear here, we produce about just shy of 88 million barrels of oil in the day. we consume just over 88 million barrels of oil a day. a disruption in libya, even if it s a small disruption or the threat of further disruptions or threats of disruptions in other oil producing states causes the problem. last night, 3.28 a gallon. ....
Libya. what i had read is saudi arabia said we have agreed to increase production. when that word goes out, isn t that supposed to placate the market? it has placated the market to some degee. oil prices are down today. you are accounting for libya. that s why oil has gone to close to $100 a barrel here and $115 in europe. it s libya. why haven t we heard anything like we did a couple of years ago when gas prices went up and president bush was in office. why didn t we hear from screaming in congress? you asked that question before and it s the same answer. we have not had the same media reaction to the president when gas prices went up. it s different now compared to what it was under president bush. what that tells you about the media is another story. huge difference. as we try to get out of the so-called great recession, something like this happens which is really look, this is very negative for the economy. $3.28 gasoline is bad news for the economy and $3.63 diesel i ....
Little more grand. my foot. brian: just like illegal immigration and just like the health care, it s got to come from the bottom up. so if people are outraged filling up their cars, then they ll express that and get through. but politically it s not going to come from washington. who is paying 3.09. i filled up for 3.28. gretchen: you wouldn t go so far to say as they re trying to deliberately keep them up? oh, no. i don t go there. but i m just saying the media s failure to address this. we re going to start seeing with the price of beef, cotton, lamb, and gasoline, all these goods that many of we use every day, a lot of that money that is parked in the bank, it s worth less and less every day with the cost of these goods and fuel going up. it s hard for american families. we can talk about it on the couch, but people are gassing up to drive 45 minutes to work every day in the midwest and are ....