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Back for lent either. this is the problem. here s what happens. there s a natural national average $3.57. it s a nine month high based on all the things going on in the middle east and what not. when you see a gallon of gasoline in the bronx at $4.50. regular. very careful that these people on these corners aren t gouging. they hear the news story and they see what s going on and they start to jack up the price in the corner. there are anti-gouging laws. people actually see something like that send it in. they re not that far off. in california, the average is $4.03. i know. $4.03. california has a substantially higher tax structure that s higher in this area. new jersey is one of the lowest. the daily news looked into this particular station. the station overhead is $0.04 a gallon. the station profit is $0.02 a gallon. it s $0.67 in taxes. no, i there s no way in the world ....
Steve mcmahon. thank you. look at the dow. ten points from 13,000. we re going to keep our eye on that. in the meantime, $5 gas is here. while the national average is now $3.57 a gallon. the price of premium is more than $5 at a gas station in los angeles. it impacts everything, you know. it s going to impact how much cheerios cost and gas prices are crazy. aisle probably ride my bike to work. mandy drury is here. it s the highest it s been since this time of year ever? that s right. in terms of whether it s going to stop, it doesn t feel like it s going to stop. prices, as you say, chris, have never been this high this time of year, they re expected to climb in the weeks ahead. while it s painful for individuals like you and me, it ....
Bit. don t you think? i think that where the dow was when he came into office was the 6,000 range, and now it s in the 13,000 range. so maybe something he is doing is working. whether it is or isn t, aim other political consultant. the voters are going to give him credit or blame, depending on where the economy is in late october. the price of gas is going towards $4. now, it s 3.57, national average, regular unleaded. you think this president can go into an election with gas prices moving inexorable to five gnarl a gallon and he can deflect blame for that and win the election. i say he cannot do that. the voters are going to hold the president accountable for gas prices where he is to lame. i say right now most of the price in gas is based on speculation. so i would say if there s a problem in haun riff the strait of hormuz, say the strategic ....
Pro-democracy workers and 27 others. and eu finance ministers are still working out a finance package for greece trying to avoid default next month. back to hardball. welcome back to hardball. president obama might be thankful for the lowered unemployment rate. and the rising stock market, of course. the dow has been way up. but there s one troubling number that still faces americans. that s the rising cost of gasoline at the pump. a national average has it at $3.57 for regular. that s up 18 cents from last month. up 40 cents from a year ago. it s higher in different places like here in washington. it was a fortune for me the other day. also in l.a., it s a fortune. republicans see this as a winning issue for the november elections. but is this something you can argue about as an obama failure? is it his fault? ....
jennifer griffin in washington, thank you. even though iran s oil embargo is largely symbolic, it s pushing oil prices higher and could send gas prices up as well. they re as high as we ve ever seen for this time of year. the current average for a gallon of regular unleaded is $3.57. up more than 12.5% from a year ago and many of the analysts say we could hit record highs this summer. for context and perspective, bob is live with us from houston. bob, the logic is confusing because we re not using so much home heating oil because the winter has been so mild. in addition, demand is down for gasoline. it is confusing and people not familiar with global markets can be very confused because, you re right, stocks are at ....