Morning news shows still missing gas story

Ken Shepherd of the Business & Media Institute noted that the morning news shows on CBS and NBC are still incorrectly reporting that gas prices are at record highs, while ABC ignored using that term.

Sherpherd wrote, “In truth, the average gas price is still below the $3.059-a-gallon post-Katrina peak from September 2005 according to AAA’s FuelGaugeReport.com. When adjusting for inflation, the difference is even starker, as gas prices would have to surpass $3.12-a-gallon to set a record, according to the federal government’s Energy Information Agency (EIA).

“Talk of ‘record’ highs was absent on the August 14 ‘Good Morning America,’ although host Robin Roberts referred to gas prices, unoriginally, as ‘pain at the pump.’

“Roberts’s guest Mellody Hobson of Ariel Capital Management, explained why motorists could actually see a price drop in the near future because of the Israeli/Hezbollah ceasefire and the failed terror attack.”

Read more here.