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it makes you think about job security. no one is ready to say it will get better. experts say the tipping point is $5 a gallon. people will drive and support the cost until it reaches that threshold. with the national average $3.57 per gallon of regular, chicago at $3.60. miami $3.74. new york city near $4 a gallon and the west coast crossed the $4 mark. the biggest cities, l.a., new york city, chicago, all may see stations selling over $5 a gallon. they don t like to say it but small businesses need to keep layoffs as an option in the face of crippling transportation costs. we consider all possibilities. as a family-owned company we don t want to ever impact our workforce or anything else but we try to be creative with how to solve the problem. the experts say $5 a gallon is off in the future but the ....
$3.57. have you been noticing it when you go to fill up your car? and you might be asking the question why is nobody talking about this until the last few days? because it s been inching up slowly but surely and now here we are facing $4 a gallon. is that the new norm? very importantly, too, this is going to be a campaign issue. look at ohio. in the last week alone in cities in ohio, gas prices have spiked $0.17 a gallon. a couple much cities $0.17 a gallon, a couple of cities $0.15 a gallon. if you re living in ohio and you re going to vote either president obama same policies or let s try maybe a pro drilling republican. and i m paying more and more at the pump, you start to swing your vote based on that. that s what matters to people right now. jobs and gas prices are front and center. right and the headline is gas prices have never, ever in history been this high in february. they ve you know, they ve gone up and down but never this high this early and you got may ....
Continues to soar, and experts warn it s only going to get worse, according to aaa. the national average, now 3.57 a gallon for unleaded regular. compare that to a year ago, when it was 3.17. not just painful for drivers, but for business owners as well. mike tobin, live in chicago for us. how is this latest spike impacting business there, mike? reporter: well, you know, jon, this gas crunch is probably as tough on the food service industry as any industry. your average priced restaurants don t have the ability to shift that cost on to customers. we look at bon abif restaurant, it costs them to get everything more, from the bread to the meat to the store, they run a catering industry, so the gas prices gobble up the profits there, and still at the same time, there s only so much you can charge for an italian beef. we ve upgraded to smaller, fuel-efficient ....
About our fragile economy. gas prices are soaring. according to aaa, the the national average is now $3.57 for a regular gallon of gas. and to give you an idea of the toll it is taking on just one community, take a look at cincinnati. l today a gallon of gas will cost you $3.47. a week ago it was nearly 20 cents cheaper. and a year ago it was 40 cents cheaper. of course, these hikes can have a big impact on everything consumers do and buy. more money in the tank means less money for dinner and for hiring and for all sorts of other consequences result. in 20 minutes stu varney will join us on how big the risks are of these rising gas prices to our economic recovery. megyn: a growing mystery over the disappearance of a top south carolina businessman. a 61-year-old man, tom, was last seen leaving his office saturday around noon. his car was left in its usual ....
shepard: gas prices at 3.57 on average and could go up. could go to five could. shepard: aren t you the bearer of bad news. i ll come bam when i have something better. shepard: hope to see you before then. jerry willis, kicks off the fox business network s all business primetime tonight, 8:00 eastern, on fox business network. mitt romney and rick santorum and the rest of the g.o.p. presidential candidates are blowing through million of dollars moving through the primaries, and my, goodness, some of the things they re saying. we ll tell you who is spending the most and where the money is going. last week we told you about a potentially dangerous shortage of cancer drives. now we re hearing word of a deal that could save lives. good to have you with us on this tuesday afternoon. i m a marathon runner, ....