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Cost of oil is set globally. most people set the price of oil or gasoline. nearly all shell are set by independent owns e owners that set the market price. reporter: cost to have krut has soared. the united states is the world s biggest oil and gas producer. we need to keep producing in order to meet demands. the average gas 4.16, 1.29 higher than last year. drivers in 13 states and d.c. paying even more, including california, the highest at $35.82 a gallon. republican who s hope to regain control of congress in the mid-terms put the blame at high prices at the president s pete feet. putting thousands of red tape, making it harder to drill. reporter: arguing the policies and efforts to ween the nations off fossil fuels are driving up costs and accusing ....
Farm and the pacific rim countries, they like high-protein wheat, and that s what we raise here. so being the market is low, ever since last year at harvest this time, i sold wheat for $5.70. the market today is $5.82. there used to be up to $1 bonus on protein from 12 protein to 17, there would be a $1 spread. right now there s 5 cents. so we raise a lot of high-protein weeheat, so we re taking about a $2 hit from last year, $2 to $3 hit. and we re about $70 to $75 an acre we re losing by harvesting a little bit above average crop right now. so how do you keep going? well, older guys like us, we ve built up equity all our lives. most farmers are land rich and cash poor, so we ll take out loss loans and stuff against our ....
And it s right behind me here, yes. we have plenty of water still to recede. although i think that begins in earnest for today and continues over the next several days as pretty much we have crested here. been watching the rain gauges. we ve been oscillating anywhere between 5.8 to 5.81 and 5.82. steady as she goes. and then we re going to continue to see these levels drop over the next few days. of course, this began on monday when we had a deluge of rainfall here. as jim rightly pointed out, they ve had just incredible amounts of rain. in fact, the likes of which they haven t seen in quite some time. this is the second wettest event for the region here with 1383 millimeters since december 1st. that would be seven inches, and well above where we should be for this time of year. the good news is not initial rainfall. a few showers from a couple of fronts but it s not going to amount to much as far as any significant addition of water to the rivers here across france. there s the front ....
What is it? the fuel supply? the fuel is not able to get in there? is that what has happened? we have a monopoly in mcgrath with one fuel vendor here and that s what they are blaming it on, alex. but this hour we have fuel flying into fairbanks, alaska for lower. crowley being the owner of the one lone gas station in mcgrath. he says it s because he had to literally fly it in and that was may more expensive than bringing it in on a barge. flying in gas, do you think that warrants an extra 3 bucks a gallon? well, absolutely not. $5.82 a gallon right now this hour in mcgrath. we ve flown it in from fairbanks which is more expensive than where he flew it in from so we don t understand his math. ....