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But there s a troubling number. 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? daniel yergin is the author of the quest. crist ta freelance also joins us. why are gas prices going so high now? ....
Oil pipeline that released tens of thousands of gallons of fruit into montana yellowstone river was shut down in may over concern over rising waters. last year they warned exxon-mobil of safety violation along the line. exxon says 42,000 gallons spilled friday night and the cause has not been determined. the price of gasoline is holding steady at $3.56.5, which we round to $3.57. it hovered there for a week. last fourth of july the price was $2.74 a gallon. that volatility has americans looking for a terptive to mideast oil. to feed the voracious appetite for fuel. imagine pipeline 6,000 kilometers long. on scale with the pyramid of giza. if they get the green light, the transcanada corporation will have a pipeline from the oil sands of alberta, canada, ....
Choices, we can get significant deficit reduction done this year. reporter: it s unclear how they re going to get there. the white house couldn t point out any specific signs of progress or even say when the next meeting will take place. but it insisted the conversation will continue. peggy and daniel? and oil prices are inching higher in early overseas trading but still well below $100 a barrel. that has helped to drive the average price of gas down 8 cents to $3.57 a gallon according to the energy department. this does mark the seventh week in a row that retail gas prices have dropped. a total of 31 cents in that period. the l.a. dodgers shellacked the minnesota twins last night 15-0. that s about the only good news for the team. the dodgers owner has asked a federal judge for bankruptcy protection in order to meet a multi-million dollar payroll thursday. it s the latest step in a long legal wrangle which began when the owners divorced two years ago. very, very messy situation. ....
Cuts for the upper income folks, about $1 trillion over ten years, but when you re going after a couple of ceos and oil companies, can you get tens of billions but when we re talking about a $2 trillion deal, there s not much there so if democrats have retreated to talking about ethanol tax credits and things, the reality is they have lost on the tax discussion as always. als great to see you. thanks. gas prices are continuing to fall just in time for the peak vacation season. a gallon of gas on average $3 7 $3.57. cnbc s nicole lapin is back. great to see you. thanks so much. how low could prices go? that s the $64,000 question and it depends on crude oil. if crude oil does stabilize, we could see five to ten cents more on the decline by mid-july. now if crude oil actually goes down, we could see 20 to 25 ....
North dakota, you have the into the state of missouri and some of the river gauges out here, reporting major flooding and there s a number of flood warnings out there. unfortunately, some of the showers and thunderstorms not only producing severe weather in these areas, but we re also looking at heavy rains, contributing to these flooding concerns, harris. now, from our friends in places like montana we re learning that that s mixing in now with some late spring and now into summer snow melt if you can believe it. snow melt. harris: hard to believe. maria, thank you so much. taking a road trip this summer may not be as expensive as you think. gas prices dropping. you may have noticed. the national average for regular unleaded is now at 3.57 per gallon, sounds like a bargain compared to last month and that number is expected to go down more before july 4th weekend. shibani joshi is here from the fox business network, i don t mean to be ungrateful. i have to ask how long is the dre ....