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Saying? look it is fantastic. you should have been. hopefully if he was and hopefully takes the other parts. jenna: in your opinion, eric would that translate to lower prices at pump? yes. here s why. let me explain this. goldman sachs who happens to be of the largest trading groups of all tradedders in the world, it is not saudis or oil companies. it is wall street banks. goldman sachs put out a report every time you fill a your tank up, 7 to $14 of that fill-up is because of speculative long positions by traders. so if you remove that or at least curtail it. now i m not saying i m not saying don t allow it. i m simply make it more accountable. currently you can trade $100,000 worth of oil with a few dollars, a few hundred dollars. jenna: that is interesting. not saying you shouldn t be allowed to trade it but fiscally accountable to the traders. closer tied to the barrel. jenna: the question becomes if you do it for oil traders what about the other traders as well? fair is fair ....
It better be. what else matters? how much we pay for a gallon of gas. how much we pay for a loaf of bread. how much we re being paid, our hourly wages aren t going up. they re not keeping up with the increase in prices. let s put it into perspective. washington, d.c. has been in a tizzy over this payroll tax cut, right? that s about $20. that essentially amounts to about a cup of coffee per day whereas with gas, laura ingraham twittered last night filling up my suv. $4.33 a gallon. $93 for the fill-up. thanks, mr. president. we d like to have you e-mail us. how much did your last fill-up cost you and because of that, are you going without anything? is it hitting you in the pocketbook? send us an e-mail. friends at foxnews.com. we ll try to include some of your comments a little later on. ok, we ll move on to another topic. maxine watters, you never know what she s going to say. ....
Of defense gates himself was, in fact, furious when he heard about it. but it s all been turned around and will not be reinstated until after the repeal is, in fact, instituted in the military. jim at the pentagon for us. that didn t take long. gas price are back on the rise after a brief decline. aaa says the cost of a fill-up is up p penny today. there s new concerns those prices could keep rising. cnbc s mandy drury is here with what s moving your money. this time, mandy, i guess it has to do with the refineries along the mississippi. that s right, chris. u.s. gasoline futures jumped after the historic flooding along the river is going to disrupt crude supplies to nearby refiners and that hastens the $4 a gallon gasoline across the board for everybody despite the sharp sell-off last week. ....
And volunteers coming in by the thousands and still, this is a site, a major disaster, and they are estimating between 75 and $100 million here just to clear the debris. that doesn t include the insured losses and does not include what it will cost to rebuild the neighborhood, and this neighborhood is a total loss. everything here will have to be bulldozed and pushed a uf to the size. we are in it for a long haul, and volunteers needed for not just this week, but weeks to come. and looking at the pictures, it remains worry, as the ground water is polluted by the chemicals and the runoff and we hope so much for our friends there in alabama. appreciate it, eric fisher. the price of a fill-up is zeroing in on $4 a gallon across the country. new numbers from aaa show that we are paying $3.97 a gallon on average. that is 32 cents higher than month ago if you are following that, and compared to a year ago, we are paying $1.07 more to ....
Work on that, hock? thank you. good to see you. now look what happens when gasoline is given away. motorists in knoxville, tennessee, waited for more than three hours to give a free fill-up, all courtesy of a local church which gave away $10,000 worth of gasoline and washed the car windows. the second straight year that that church has given away gasoline. england is certainly the place to be this week if you ve got royal wedding fever. millions are expected to tune in friday to see prince william tie the knot at westminster abbey. in a ceremony some experts say may rival that of his own parents, prince charles and the late princess diana. kier simmons is live in london with more on the wedding preps and with a very good morning to you, england is all abuzz with the excitement, right? reporter: right, and we ve been talking for books now about what a wonderful celebration it s going to be, but what we re learning this morning is also about how poignant some moments of the servi ....