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About that, by reducing the price, you will increase demand. by increasing demand without supply, back to where we are, prices go up, inflation is up. the real answer, forget gimmicks, increase the supply. when you increase supply, that price will come down. ashley: if it did, if it was temporarily suspended 18.4 cents per gallon, when you look at national gas average right now $4.96 per gallon, diesel $5.81, would it be that much difference? dan: the average driver would save $120 a year, $10 a month, doesn t make a big difference in the scheme of things. it is clearly a gimmick, i understand what the president is trying to do it, good politics, ....
Are being passed to you, the consumer, who have to pay more on every trip to the grocery store. video hu is live at a farm in new jersey. grocery store prices are up almost 12% over last year but i ve been talking with a farmer here in new jersey and he wants consumers to know that it doesn t mean he is making more profit. watch here. our biggest problem is our costs have doubled and they went up so fast and so quickly that our budget, we couldn t budge it in that fast. i ve cut back on age rack over the years. i had to stop farming the land. here in jersey, there is no more land. it is getting swallowed up. average diesel prices today are at $5.81. that s 80% higher than where they were last year taking the ....
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 ....
President, he won, you heard, chavez has won another term. this time he didn t have too much of an easy go. what it means for the united statess standing in latin america. i mentioned gas prices. some parts of california have hit the $5 a gallon mark. they wish it were still $5. see that right there at $5.81. ....