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Economy. so far energy markets taking the latest moves from the west and europe in stride because it s not just this embargo by europe, it s also a $60 price cap imposed on russian oil by the west and the united states. the goal of course is to punish vladimir putin, deprive him of some of the revenue from oil that he s using to finance the war in ukraine. but it s a delicate balance because they don t want to punish him so much that he takes his ball and goes home by slashing oil production because that would hurt everyone, including u.s. oil consumers by reducing supply. so far so good and that means that we ll continue to see gas prices continue to go down. the national average $3.38 a gallon. not just 42 cents in the last month but almost exactly to where prices were a year ago. just two cents higher than 12 months ago. again, pretty amazing given everything that s happened and this is giving consumers a well deserved boost after a year of very high energy prices. i m going to ta ....
reporter: good morning, christi and boris. the dream of home ownership is remaining just that for a growing number of americans, that s as home prices and mortgage rates move higher. a report from real estate firm adam finds that home prices rose 10% from a year ago. the report tracked home prices in about 60% of counties in the u.s. and found that a median price single-family home was less affordable than historical norms in the majority of the counties that were analyzed. that s as the average rate of a 30-year fixed loan hovers just below 5%. over the past week, mortgage news daily showed the rate crossing 5%. it may want sound like much, but if you re buying a big-ticket item like a house, a higher interest rate, it does make a difference in your monthly mortgage payment. a year ago, the rate on a 30-year fixed mortgage was just 3.38%. even as the pandemic wreaked havoc on much of the economy, home buying recovered quickly ....
Bill. everybody out there right now is feeling the pain at the pump. gas prices are up well over a dollar a gallon ever since president biden took office. one democrat organization says we should all be thankful that the price recently dropped by about two sense. look at this ridiculous graph right here, put out by the democrat congressional committee where they praised joe biden. it shows a steep drop in the price of gas over one week in late november. take a closer look at the left side of the graph right here. they will show exactly what they did here. they stretched out the y-axis to show fractions of a cent in tiny little increments bid that declined you see in reality is just a drop less than two pennies. it went from $3.3295 per per gan to $3.38 per gallon. you imagine, ridiculed immediately for this right her. ....
look everything out there is filling the pain at the pump. nationwide gasoline prices are up well over a dollar per gallon ever since biden first took office but one democratic organization out there says we should be thankful that the price recently dropped by about two cents. take a look at this absolutely ridiculous graph right here. this was put out by the democrat congressional campaign committee where they praised the president with a caption, thanks joe biden. at first glance it appears to show a steep drop in the price of gas for one week late in november. tyke a closer look. they scratched out the y axis. that steep decline that you see in reality is a drop of less than two pennies. it went to 3.38 per gallon. they were absolutely ridiculed pretty much immediately. ....