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Inventories rose by 9.6 million barrels last week to more than 458 million barrels. it prompted concerns that some areas could run out of space to store the oil. bottom line the market has been weighted down by a supply glut and it s pushing prices down with it. world oil prices have collapsed 50% since last june. meanwhile, at the pump where is the break? americans are paying an average of $2.42 a gallon. joining me is senior policy adviser at dla piper. good to have you with us tonight. always good to get your insight on this oil market. what s going on here and what s going to happen? well it was amazing, ed because when people thought oil was down in the 50s, that might be sort of a leveling out the bottom and then as you say, ....
Recession, it was $2.42. when times are tough, gas is cheap. about 88% of people will be getting to their destinations by car. about 7% by air, about 5% other says aaa. i suppose that is like a magic carpet or a boat perhaps or maybe a train. here we are, stuck in traffic again, getting back into new york city. i will send it back to you guys for now while we enjoy the traffic here in new york. back to you guys. difficulty level of 11 mentioning magic carpets and sammy hagar. i want to know what aaa stats are on the magic carpet, boat traffic as well. thanks, miguel. safe travels for everyone on the road. up next, mavericks owner mark cuban is giving his thoughts on bigotry. his words sparking a controversy of their own. what he said coming up. ....
Edward snowden came forward last year. the senate is working on its own reform bill. well, looking at the calendar memorial day weekend is upon us. 36 million americans will be traveling for the unofficial start of summer. many certainly are keeping a wary eye on the prices at the pu pump. miguel marquez is breaking it all down for us, taking a little road trip. he s singing the blues. 36.1 million people will be on the roads and about a third of them are right in front of me. that s a little bit above where it was last year at 35.5 million but way below where it was before the recession, about 44 million travelers at its lowest point in 09. gas prices just a hair above where they were last year about $3.65 a gallon but they were at $2.42. when times are tough, gas is cheap. aaa saying 88% of travelers will ....
2.42, that s how much the tooth fairy handed out in 2012. that according to delta dental. up 32 cents from the year before. gretchen: that s lot of work for her to make exact change like that. brian: she works at night. sleeps all day. steve: hang on for a day shift. meanwhile, it s a story nearly everybody knows, told like never before, epic ten-part minute year series brings to life the bible, retelling stories from the scripture for a whole new generation. baptize me. ....
Runway 1 and decided to change the direction of the runway because of an approaching storm, is that the way you understand it, mike? that is what we understand happened. we re not sure how it all came down but we know this. two planes were vectored right into another one. jon: right. the faa put up, gave us a statement. here s what they said regarding what happened. they said that preliminary information indicates that the closest proximity was 1.45 nautical miles lateral and 500 feet vertical. and then with the second plane in the first plane, departing runway 1 and 2.42 nautical miles lateral and 600 feet vertical for the second plane. 2.42 nautical miles, that sound like a significant distance but a jet aircraft speed you re talking about maybe 15 seconds of closing time between two planes headed at each other. oeshs absolutely that is gobbledygook from the faa ....