likely that the next milestone according to gasbuddy is $3.69.n we hit that, although this trend could keep up, there is a bit of a wrinkle here. patrick de haan of gasbuddy says mother nature could throw a bit of a wrench into things. listen. >> we're not in the clear yet. the peak of hurricane season starts in mid to late august and i think my anxiety will be pretty elevated because if we see any major storm, i would say category 3 or stronger, targeting an area between new orleans and houston, buckle up. >> reporter: a bit of cautious optimism here. one little extra piece of optimism could come later today with the consumer price index coming out, it will tell us how much inflation went up in the front of july. inflation may have gone up a little bit less aggressively because these gas price right side so low, that means businesses are passing less of that cost on to consumers. good news for everybody, john. >> pete muntean, gas a dollar cheaper than it was off its high. thank you so much. >>> learning new details this morning about the unprec

buckses a gallon in some states, and let's bring in patrick dehan, head of petroleum analysis at gasbuddy this fast and how much longer can we get it >> well, jon, i think in the next hundred hours or so, and maybe sooner than that, the national average will breach that $4 a gallon mark for the first time in months i think march 5th was the first time we saw the national average and we're already at 4:09 and ten cents away and i tweeted out $2.99 gas. two stations in oklahoma city are already at the $2.99 mark and we've seen them during price wars and this would be the first time it appears that a legitimate profit margin with the stations in oklahoma city. very few motorists are going to see that and what few motorists are going to see on the west coast, laggards, but they're falling back over $5 and even california is going to fall under the $5 gallon mark >> why did it drop so fast >> a lot is what pippa mentioned. concerns over consumption. we're coming into the summer driving season and the implied demand metric, clearly disappointing although gasbuddy data doesn't agree with the dec

gasbuddy patrick de haan with me now. patrick, prices seem to have flattened.get to 10, well as you just showed their oil prices dropping today, a little over $4 a barrel on china 's economic worries, the potential that it seems like that for the 40th time iran is talking about this nuclear deal. will it eventually happen pushing oil down so the drop today may open up the door for us to potentially get to a 10-week decline, stuart, but i think we're getting closer either way to seeing national average to decline start bottom ing out. diesel prices now maybe the beacon of hope. they could drop under a national average of $5 a gallon here this week. stuart: okay, is demand down? we hear a lot about demand destruction because of high prices. can you tell me conclusively that we are demanding using much less gasoline? >> i can tell you that, certainly in a concrete way, according to gasbuddy down 1.6% last week, now that's a seasonal decline so before we start to worry the economy is in shambles we do tend to see gasoline demand drifting lower, schools are starting

well, gasbuddy predicts we could see five to ten cents lower this in the coming days but the break we'reline prices, oil, has started to climb again. there's also hurricane season around the corner and when that impacts the infrastructure, we don't know if it will, but if it does, that tends to send prices higher and finally, there are those european sanctions on russia. they have yet to take effect. they will do that later this year. when they do economists predict that prices will start to climb and then one last factor, you guys, with the weekend here friday and saturday according to gasbuddy, most expensive days of the week to fill up. monday and tuesday, if you can hold out, tend to be the cheapest. guys. >> all right, so we wait until monday, it is, rebecca. thanks so much. >>> coming up, everybody, in our "gma morning menu," "dancing with the stars" pro burgess bulges and "90210" star brian austin green, tell us about the difficulty with their new baby. >>> plus, the nationwide life guard shortage, and what some are doing to lure them back to the water. >>> the airplane hacks comi

gasbuddy reports that the national average below $4 dollars a gallon this week, the first time sincearch. the white house is hoping that helps ease pressure on americans. we've seen the gas prices. come down in the past 56 days, which is because of the work that this president has done. we hope to see that is reflected in cps to get ahead of wednesday's report. president biden is also touting legislation moving through the house this week called the inflation reduction act to lower the cost of health care. and energy and make historic investments to tackle climate crisis. critics say the bill will have the opposite effect and actually hurt the economy. it couldn't be a worse time. and while other countries are lowering their taxes on businesses to fight and fight inflation here, we are raising it. the federal reserve will be closely watching wednesday's inflation report and anticipating their next move on interest rates. in new york. laura engel, fox news. it was very familiar to everybody. community mourning the loss of a long time fire spotter after the break today's memorial to ho

gasbuddy crunched these numbers, last month gas prices fell 81 cents a gallon in wisconsin, ohio 92 cents0 cents there. 25 states, john, have average gas prices back below 4 bucks a gallon. >> cost you 10 bucks less to fill up your tank at least than it did a month ago. >> i wonder if consumer sentiment will reflect that on friday. people generally feel lousy about the economy for a lot of reasons, i think mostly because we have come out of two and a half years of a pandemic that has completely disrupted every aspect of american life, even declining gas prices doesn't give much of a boost to consumer sentiment or hasn't so far. >> what do the stock markets think of all of this? >> again, a head scratcher. stocks last week the third week in a row up for the s&p 500. we will see what happens this week. this is even three weeks up even as the fed is aggressively raising interest rates. on friday there were concerns that the fed may have to continue to aggressively raise interest rates to cool down a red hot job market. you have a job market that is roaring ahead here even as the first two qu

okay personal gasbuddy. i like it. i like it good information. move here to something we had is breaking news in the eight o'clock hour as new this morning the u. s. justice department has charged for louisville, kentucky police officers involved in the deadly brianna taylor rate with civil rights violations and announcing the charges this morning, attorney general merrick garland said federal officials share but cannot fully understand the grief felt by taylor's family. you'll remember. taylor was shot to death by louisville officers who knocked down her door while executing a search warrant. two time olympic gold medalist brittney griner was sentenced to nine years in jail in russia. she did apologize to the court today in court after she was found guilty on drug possession charges. foxes any kellogg has our story. didn't move the w n b a star britney griner found guilty in a russian court thursday as her trial on drug charges comes to an end. earlier she pleaded her case to the judge intent. on breaking any russian law had no intent did not co

gasbuddy's patrick dehaan joins me this morning.s prices go? >> well, i think, ashley, the good news is that gas prices will continue inching down, continue to get a little bit more breathing room, and in about three weeks we'll be making the transition across much of the nation back to cheaper winter gasoline. so i certainly could foresee a future that, barring hurricanes, the national average could get back into the 3.60s, maybe even the 3.50s. now, diesel prices had fallen under $5 a gallon, but diesel price is now going back up, back over $5 a gallon. ashley: and why is that? i mean, let's point out that the country's goods are transported by many vehicles that use diesel so, you know, we could still see those costs being passed on, still fighting inflation. >> exactly right. and the reason that diesel prices continue to start rallying, we're getting closer to winter with. inventories continue to tighten globally and in the u.s. refining whats i is constrained well to the point where refiners simply can't produce enough diesel.

i want to bring in patrick de haan, he's the gasbuddy guy who appears frequently on this program. 3.86 whatever you've got, being the low and a bounce up in gas prices from here. what's the chances of that? >> well, stuart, i think it's kind of 50/50 at this point. each time we talk about the possible end in gas prices, we see oil prices plummet that's what they are doing today so gasoline fossil fuels price is down about $0.11 a gallon so that could continue the streak for now at the same time of course natural gas prices have been surging so that's something to keep an eye on but i don't know if we're done with the decline just yet. what i do know is that the west coast and east coast of the u.s. especially the northeast, stuart, your backyard, could see gas prices continue to decline for now but i think we are getting much closer to a bottom. stuart: we're showing natural gas on left-hand side of the screen up about four or 5% today to well over $9 per million british thermal units. that has a lot of people worried , because the price continues to climb and they look at europe

researchers at gasbuddy said that prices have gone down for the ninth consecutive week. with oil prices prices rebounding the declining gas prices. could wrap up as soon as this week, according to triple a. the average price for a regular gallon of gas will cost you $5.39 in oakland in san francisco. it is higher at 5 52 drivers in san jose can expect to pay about $5.37 for a regular gallon of gas. and if you've decided to fly instead of drive, check with your airlines about cancelations. wanna give you a live? look at sfo this morning? sun is shining. it looks clear, but six flights have already been canceled this morning. 14 others are delayed. oakland already has one canceled flight and eight running at least 15 minutes behind schedule, saying jose just four delays. no cancelations so far this morning . keep in mind. it's just after seven o'clock, so these things can kind of build up as the day progresses. nationally there were more than 5000 flights delayed in 251 flights canceled in the us yesterday. and that's actually better than it's been on many days this summer