Fox Business
Expand
Browse All Video
Watch Live

You're watching...

No Sign of Relief for Consumers at the Pump?

Details

  • Description

    FBN’s Lori Rothman on the rise in oil prices and whether there is any end in sight.

  • Duration 2:21
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

To take -- flying leads welcome everybody I'm Neil Cavuto and sorry job but OPEC keeping oil production right where -- -- -- -- senator to consumers' demands to get the saudis openness they get more of the same gas price news turning -- spigot.

On this economy but it's wanted to do today is now -- -- -- Lori Rothman is -- showing no sign of relief anytime soon and -- Hey meals so this is certainly nothing to cheer about as you said twenty do you can.

-- -- consecutive days we've -- gas prices rise national average now at three dollars 73 cents a gallon again that's just an average you've got gas.

Over four bucks in certain places up a whopping eight per -- just this month.

Gas prices 10% higher today than they were this time last year and they are at their all time highest level for this early point in the near the -- Ever -- And it seems now there's no stopping at the bullish case for oil and gas prices a lot stronger than the bearish case look what happened today in fact that the government inventory report.

We signed sealed and oil inventories so -- prices -- off a little bit earlier today but boy they rebounded and closed at a 107 dollars.

And seven cents a barrel crude up now eight point 7%.

On the month of February people talking about an improving US economic picture you have improvement in the labor market fourth quarter GDP today actually.

Just revised higher better economy stronger -- and of course you have to keep Iran into the discussion around the threat of retaliation for those sanctions still.

Out there so.

The streaks alive 22 days it's a notable running really.

Goes head to head right up there -- some the most notable runs in sports and pop culture we pulled a few for you just for comparison sake.

Out of San Francisco Giants still hold the longest winning streak in baseball 26 consecutive gains.

That was back in 1916.

Right now though living up to today's.

Stars pop star -- -- connect with gas.

Her album 2122.

Straight week atop the billboard charts.

And then you've got does blue guys avatar that's top grossing movie of all time it's had a six week streak at number -- so that equals about 35 days again compared to gasoline -- we are at 22 days and probably.

Not stopping anytime soon.

-- like you don't that's mountains aren't you sound very good.

Load More