July 22, 2025 • 2 mins
NBC's Rory O'Neill reports on the latest price hikes and where your money is going and why
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Transcript
Episode Transcript
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Speaker 1 (00:00):
Six forty six, Mike Elliott, Columbus's Morning News spend a
couple of moments with NBC News Radios Rory O'Neil on
the Legacy Retirement Group dot com phone line. Rory, good morning.
What are gas prices in Orlando? Because they're very affordable here,
We're looking at anywhere between like two fifty two seventy
five a gallon?
Speaker 2 (00:18):
Wow, yeah, state wide Ohio. Gas Buddy says it's two
ninety five Florida. We're about three oh one on average Orlando.
I think it's a few pennies shorter because they average
in Palm Beach County and stuff, which is high. But yeah,
pretty much flat from from where they were a year ago.
And did you know that this week is the peak
week of gasoline consumption in the US. According to gas Buddy,
(00:41):
it's about nine point two million barrels per day. And
even though this is a peak for demand, we're not
seeing peak prices this time of year. Typically, the peak
pricing happens in the spring as those refineries switch from
winter formulations to those summer formulations, which are more expensive.
Speaker 1 (00:57):
Right, And I would imagine this is a big you know,
the month of a love big vacation months, so it
makes sense that we'd be filling up our tanks and
getting out there, but very affordable to do. So anytime
you're under three bucks a gallon, I think is a win.
But on the other side of the coin, you can
fill up your tank for cheap, but if you want
to go get some burgers, it's going.
Speaker 2 (01:17):
To cost you. It is. Beef prices are hitting all
time highs. It's not your imagination. The Department of Agriculture
says beef now retails at nine dollars twenty six cents
a pound. That would be on average for stakes. Prices
are up twelve point four percent over last year at
this time, up ten point three percent for ground beef,
(01:38):
in large part because you've got cattle herd sizers or smaller.
You've got drought that has been impacting feed prices as well.
Diesel prices remain high, and that sort of feeds into
every level of this.
Speaker 1 (01:51):
What else are we seeing as far as kind of
a price gauge around the country, as far as maybe
groceries or other goods that we would need to kind
of by day to day.
Speaker 2 (02:01):
Yeah, we know that egg prices have come down quite
a bit as they get through the av and flu.
You know, getting the egg prices down is easy compared
to getting cattle prices down because cattle and beef prices
will remain high as long as incomes are pretty strong
and most Americans are feeling pretty good about the economy.
Stock markets are hitting record highs, so as long as
(02:21):
things are good, demand for beef will remain strong. Historically,
that's been the trend, so until we actually see a
weaker economy, we may not really see a significant fall
off in the beef prices.
Six forty six, Mike Elliott, Columbus's Morning News spend a
couple of moments with NBC News Radios Rory O'Neil on
the Legacy Retirement Group dot com phone line. Rory, good morning.
What are gas prices in Orlando? Because they're very affordable here,
We're looking at anywhere between like two fifty two seventy
five a gallon?
Speaker 2 (00:18):
Wow, yeah, state wide Ohio. Gas Buddy says it's two
ninety five Florida. We're about three oh one on average Orlando.
I think it's a few pennies shorter because they average
in Palm Beach County and stuff, which is high. But yeah,
pretty much flat from from where they were a year ago.
And did you know that this week is the peak
week of gasoline consumption in the US. According to gas Buddy,
(00:41):
it's about nine point two million barrels per day. And
even though this is a peak for demand, we're not
seeing peak prices this time of year. Typically, the peak
pricing happens in the spring as those refineries switch from
winter formulations to those summer formulations, which are more expensive.
Speaker 1 (00:57):
Right, And I would imagine this is a big you know,
the month of a love big vacation months, so it
makes sense that we'd be filling up our tanks and
getting out there, but very affordable to do. So anytime
you're under three bucks a gallon, I think is a win.
But on the other side of the coin, you can
fill up your tank for cheap, but if you want
to go get some burgers, it's going.
Speaker 2 (01:17):
To cost you. It is. Beef prices are hitting all
time highs. It's not your imagination. The Department of Agriculture
says beef now retails at nine dollars twenty six cents
a pound. That would be on average for stakes. Prices
are up twelve point four percent over last year at
this time, up ten point three percent for ground beef,
(01:38):
in large part because you've got cattle herd sizers or smaller.
You've got drought that has been impacting feed prices as well.
Diesel prices remain high, and that sort of feeds into
every level of this.
Speaker 1 (01:51):
What else are we seeing as far as kind of
a price gauge around the country, as far as maybe
groceries or other goods that we would need to kind
of by day to day.
Speaker 2 (02:01):
Yeah, we know that egg prices have come down quite
a bit as they get through the av and flu.
You know, getting the egg prices down is easy compared
to getting cattle prices down because cattle and beef prices
will remain high as long as incomes are pretty strong
and most Americans are feeling pretty good about the economy.
Stock markets are hitting record highs, so as long as
(02:21):
things are good, demand for beef will remain strong. Historically,
that's been the trend, so until we actually see a
weaker economy, we may not really see a significant fall
off in the beef prices.
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