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Today given the dire straits that we re in. they promised senators such a mod legal be forthcoming in weeks. but in the absence of a plan they are proposing other cost savings measures including closing postal locations across the country. privatizing the postal service but the sheer size and scope of the postal service. it s the second largest private employer behind walmart. it runs the world s largest vehicle fleet. brett: doug, thank you. the price of iorl was down slightly today, crude futures dipped 43 cents to close at 86.02 a barrel. national average for gasoline, 3.66 a gallon. in world news a customs official along the libyan border ....
Hurricane irene. we will continue to update? and bring you more pictures as they come in to the studios. all eyes are on gas prices this holiday weekend as many of us get set to hit the road for one final summer getaway. right now the average price of a gallon of regular gasoline is $3.66 but oil rigs in the gulf are shutting down due to tropical storm lee so this may cause you some more pain at the pump. senior business correspondent brenda buttner is joining us live now with details. is this something we really have to watch closely? yes. you know, tropical storm lee may come no where near your home but it could still hit you hard at the pump. perhaps you faced no evacuations but already oil and gas companies have evacuated hundreds of workers in the gulf. they are off nearly 240 oil and gas production platforms and some two dozen drilling rigs shut down. about two thirds of current oil ....
You are saying that could be a bad confluence of events, right? neil, of course we know this. it should and very well could turn into hurricane lee.cg right in the path of hurricane lee are many oil rigs. you have oil rigs from exxon, chef von to name a few. if that is to happen and let s say these rigs get damaged you can see on the charts the price of oil going to $9 if i five a barrel, like that here s to $95 a barrel, like that. that could equate to $3.95, a gallon. when oil was at $115 we broke down to 70. the price went from $4.06 to $3.66. neil: why? it seems their ratio is, 10 full dollars of drop in crude to give you 10 points lowering in gas prices at the pump. on the reverse if crude goes ....
The ones that are created by the private sector, note ones that government, you know, spends a lot of money trying to put someone on a construction line or build a bridge or fill a pothole, because those jobs go away once the pothole is filled, and the bridge is built and the people have to go back on the unemployment line, rather than continue. the real jobs created they re ones where they say, you know what? we need to hire more people, and help us highre more people. bill: you are saying the economy would be generating job growth at a faster rate without this. how would that be possible? there would be less money in the pipeline. the stimulus that was put aside for $700 billion, that wouldn t have saved the jobs in people in various states across the country. wouldn t they be unemployed. one of the laws of unintended consequences, gasoline prices went from the $1.83 a gallon to $3.66. $3.56. and, the reason for that is ....
but the president clinton budget director proposed that plan to the president s commission. competition could give you a more efficient system and better clivery of health service. and seniors would have to. moor for the people who get sick and not as much as the wealthy. ryan emphasizes to spend for example medicare would go up but not as much as it is now and no changes for anyone over 55. oil oil hit a 30 month hide. crude hit 71 dollars a barrel . gasoline is up a pennia a half to sunday to 3.66 a gallon. stocks were mixed and s&p 500 picked up a half point and the nasdaq lost a half. the supreme court upheld an arizona school vouchher ....